Shake Shack has reported financial results for the second quarter ended 29 June 2016, showing a total revenue increase of 37.2% to £51.2m.
The company's sales increased 38.3% to £49.6m, and like-for-like sales rose by 4.5%.
The period saw seven system-wide Shack openings, including four domestic company-operated Shacks and three licensed Shacks.
CEO Randy Garutti (pictured) stated, “For the second quarter, we increased revenue over 2015 by 37.2%, opened four new company-operated Shacks domestically, three licensed Shacks and grew comps by 4.5%, on top of an impressive 12.9% increase last year.
'We continue to execute on our growth strategy, while delivering industry-leading AUVs and, in this past quarter, our 30.8% Shack-level operating profit margin set a new record.
'Innovating around our core menu continues to be a key driver of our success with the addition of our Chick’n Shack, launched in January, and our most recent LTO, the Bacon Cheddar Shack, launched in June.”
Garutti continued, “Domestically, given favorable development tailwinds in our 2016 pipeline, we have increased guidance to open 18 domestic company-operated Shacks this year. Next week we will reach a milestone of our 100th Shack opening worldwide.
'We have never been more excited about the opportunities ahead of us and are committed to investing in our team as we envision and execute the next 100 great Shacks.'