you, Randy. Thank
Total the third third revenue X.X% and XX.X% of in combined growth million, representing $X.X Shack increase in growth increased sales quarter, licensed to the million, a increased mix of in the a X.X%. sales with and of Same-Shack same quarter in quarter $XXX.X of of XX.X% revenue year guest compared $XXX.X million consisting increase XX.X%. to X% of traffic price last
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updated look we factors of contributing As our our XXXX are number expectations to revenue at broadly, there guidance.
earlier schedule As balanced current year Randy our class. operating and opening opened number domestic a their from estimated more originally us than gain mentioned, sales of this been somewhat has our weeks allowing to having with date, additional the Shacks
million from our their a initial of $XXX million. sophomore now of enter the second full-year, the to an million also to seeing We're be forecasted with our we $XXX than quarter. pleased expect We $XXX during million third class between year decline less between previously revenue of guidance $XXX for and total raise prior
on of Shack Shack million. the profitability for are quarter. changing of million, profit third year, increased term to Moving profit level dynamic margin to operating overall operating directly new some our XX.X% costs to with year this the prior quarter business. and the There to in nature the related some for level XX.X% our $XX.X number shorter new impacting profitability elements within compared
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increases generally inflation food dairy. More basket in remained some the in quarter the in cost, our beef modest a whole and of as with
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the within represent item to our continues largest basket. Beef
significant margin. So, Shack our any impact operating does movement profit level
as also result a our mix, increase We direct with paper which additional an comes packaging. in digital basis continue of see year-on-year a on costs to sales
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our consideration, into G&A included an as between factors for quarter updating margin we're and approximately these as million third Project to $XX.X compensation profit guidance one-time the to Total other XX.X%. operating level Concrete of all XX% for ERP the full system our and year million upgrade $X.X Shack related was be Taking related $X.X non-cash to equity costs. well million,
We're the is resources support, our capabilities, in for company investments entirely our business by across activities in function. G&A paired our digital ongoing year-on-year people technology driven significant growth to-date, operations and almost course increase all in adding ahead. our of with marketing resources our areas growth expanding our and The of
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Based Over $X.X Concrete of to we’ve XXXX the capital Project the and of portion significant the Concrete the $X implementation, $X and spend date, to to be for million. boarder XXXX between be course spends on costs. approximately operating capitalized expense million project we Project expect million
around update specifically call. in spend more you February XXXX We'll our final
However, life in implementation the software being type the X model remaining ranges of of under amortized falls will which those years. impact, G&A client costs from of associated this over in computing to in cloud go-forward capitalized terms the agreement, result asset and X technology
in for year to remain then between Our equity-based and $XX equity-based G&A $X.X we $XX.X the million in line guidance expect Concrete and G&A for which and number, million million. for core Project total million to $XX end XXXX, compensation with prior comp. at $XX.X expectations million includes this approximately Within
in G&A that Sales performance the carry XXXX in year-on-year leverage in will line in expect a total not likely and is to we XXXX. trend result
through balance strong into those to year. to opportunity and returns plan next continued and we a investment long-term with and see many drive times, of for sheet, areas many emphasized we've As prioritize
XX million primarily the Depreciation of increased driven time addition since Shacks quarter, last the year. those to $XX.X for XX.X% by new this
driven openings in year-over-year Preopening a related with the with the in the $X.X during of $XX openings million our higher between future $XX being for million XXXX, be recorded guidance. to in and last by quarter of quarter. to expenses increase the number quarter Shack to depreciation a expect prior line year also compared and number We were million expenses
the year, Shack preopening be openings date class expect $XX million our to we million $XX full biggest in between For with and to of costs XXXX.
to change by in Interest treatment prior in recorded related which year, line been the the leases, entirely occupancy. accounting accounted driven to to and expense within compared now this $XXX,XXX build previously suit declined for are have
year, For the interest be an leases the increase tightening guidance, expense $XXX,XXX, to Shack expect and in between $XXX,XXX now and of from full by driven and digital we slight TRA increase payments from prior from equipment number interest openings. new
is and EBITDA EBITDA for we increased pro prior basis, in adjusted Adjusted same and tax the quarter forma quarter, effective exchanged from XX.X%. fully quarter in forma these to third increased of million during earned driver our million which levels $XX the the results primary forma the pro was pro in tax the Included share. $XX.X the negative On year diluted $X.XX margin stock-based within or activities compensation quarter benefit rate. is also of a X.X% adjusted $X.XX an from
the the tax reconciliation benefits effective excludes rates tax in our just underlying rate, our Our supplemental tax mentioned, is materials. the A of I was impact of appendix which net XX.X%. of included excess
slightly we rate tax expect higher favorable lower catch-up third benefits Our now a annual to primarily state a saw due tax quarter credits mix. effective as rates and
XX.X% towards of XX.X%, forma for end likely year full tax pro our rate between lower the effective although We be this the to range. however and expect to continue
and and continued to and including efficiencies a over further chain, We're additional we're and initiatives brand targeted existing and cost of business, profitability. but model success making support infrastructure to business kitchen to optimize of lot a to headwinds it growth have great say many proud this headwinds and years We're to expand Suffice continued profitability team our investments right to XXXX growth investments on now, our the and more. impacting of the globally top despite year to with supply guest the company the for time. operating not labor, We're level going a Company the strategic work design, line we foundational Shack working across deliver mitigate ensure experience domestically just this business, performance line bottom across building come. the drive across operating
pass to now Randy. I'll back you And
