Shake Shack posted a nearly ten percent percent jump in same-store sales and a 43.3 percent increase in revenue in the first quarter of 2016, the company announced on Thursday. Comparable-store sales (sales at company-owned stores open for two years or more) remain solid at the fast-casual burger joint, thanks to expansion into different cities globally and in the U.S.
Shake Shack opened three company-operated domestic locations in the first quarter, including one in West Hollywood, Calif., which CEO Randy Garutti said has been one of the strongest openings in the company's 12-year history.
And though same store sales are up, the percentage they've grown is down (the company saw an 11 percent jump in same-store sales in the fourth quarter of 2015).
Also of note, the burger chain's first foray into poultry — the Chick'n Shack — appears to be in high demand. In a statement released with the earnings, CEO Randy Garutti attributed a spike in traffic to the launch of the Chick'n Shack in January.
As for whether higher prices have affected the company's bottom line, that remains unclear. Shake Shack recently raised prices (for the third time in a year-and-a-half) in a effort to continue its policy of paying staffers above local minimum wages. The company did not comment on higher labor costs in the Thursday release, but Shack executives will speak on an earnings call with analysts to further discuss the numbers Thursday evening.