Shake Shack (SHAK.US) saw a significant rise of over 8.6% after its Q4 earnings surpassed expectations.

Shake Shack (SHAK.US) shares surged on Thursday, up over 8.6% to $120.86 at the time of writing, after the company reported better-than-expected fourth-quarter earnings. Shake Shack's adjusted EPS for the quarter was US$0.26, topping the market's expectation of US$0.16. Revenue grew 14.8% year-on-year to US$328.7 million, topping analysts' expectations of US$325.3 million. As an important indicator of the operation of restaurant chain brands, same-store sales grew 4.3% year-on-year. In addition, the company opened 19 company-owned and 9 licensed stores in the quarter. Robert Lynch, CEO of Shake Shack, said, "We are pleased to see that both revenue and profit exceeded expectations in the fourth quarter, which proves the effectiveness of our strategic initiatives and reflects the positive impact of brand expansion and customer experience optimization."