Corrects typo in sixth bullet

** Shares of burger chain Shake Shack SHAK.N down 7% at $57.87 premarket

** Co cuts annual profit forecast and sees weaker second-quarter sales

** Sees annual net income in the range of $45 million to $55 million compared with previous projection of $50 million to $60 million

** Lowers estimates for Q2 revenue, now expects it in the range of $415 million to $420 million from $424 million to $428 million earlier

** "Our updated guidance reflects the current macroeconomic uncertainty, competitive landscape, and related impacts now that we are more than two-thirds through the quarter," says CEO Rob Lynch

** Last month, co named Michelle Hook as its new CFO as it swung to a quarterly loss and missed Q1 revenue estimates

** As of last close, shares down 23% YTD