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US market today: Shake Shack misses estimates as fast food demand weakens, shares drop 28%

Fast ​food chain operator Shake Shack on Thursday swung to ​a quarterly loss and missed revenue estimates, hurt by rising commodity costs such as that of beef and weak consumer spending, sending its shares down about ‌28% in ⁠early ⁠market trading.

Source :- Markets-Economic Times Read More

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