Shake Shack reports 1Q double-digit sales, revenue increase

Shake Shack reports 1Q double-digit sales, revenue increase

Fast-casual burger chain maintains strong momentum since IPO

Shake Shack Inc. reported a 56.3-percent increase in revenue during the first quarter ended April 1, as the New York-based burger chain added new locations and saw same-store sales rise.

Sales at existing restaurants increased 11.7 percent in the quarter, continuing the popular fast-casual concept’s run of strong sales.

“We are pleased to have continued our strong momentum through the first quarter,” Shake Shack CEO Randy Garutti said in a statement.

The comp

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