everyone. morning Great. Good
openings our results this quarter by licensed company of of executed our We in direct strategic progress revenue our our as grew are strong outcome on teams plan. existing recent on proud that higher are team's year-over-year XXXX our We sales a operated solid Shacks. and well drove and XX%
it year. what We quarterly the margin restaurant typically we of expanding highest also is margin Covid quarter and points have our XX.X%. restaurant is since sales posted the improvement profit profitability softest record first basis strong quarter restaurant quarter, year-over-year XXX This showed dollars adjusted generated in EBITDA the we high and to this in by
number despite key measures still like We headwinds we City large Shack many the face, mobility accomplished profitability and pressures Covid. including of New openings, the and QX qX, from impacted inflationary York and new markets deeply ongoing this
Kiosks on And we bringing into did and showing our to tactically persistent our against and more important by some driving prices including more by Shacks, our with broad-based highlights efficiencies expenses better our margins plan channels controls inflationary profitable this driving operating other and own increasing by over by menu cost protect other sales actions, benefits. and executing into pressures,
these and the forward progress reassured year. to showing We the rest are of we look continued through by results
impact the We further macroeconomic the risks many results. restaurant may understand and our sector that
same-Shack However, our operating reintroduce for business to total full licensed guidance stability now pre-Covid guidance has Shack-level year our demonstrated a back revenue, profit. allows go our that us business to level sales, practices of and and
are we year guidance as a our now disclosures also of urbanity. trends, new stronger are providing And level with urban continue normalization suburban We to just of metric regions the are a we to compared a our full reducing as adjusted observe driver our of EBITDA. performance
to on $XXX.X million, XX.X% through XX.X% was strategic sales Total Licensing to System-Wide points Shack now as a to with of first high revenue sales up as million. $X year-over-year. plan. revenue discipline. All at million expense $XXX.X XX.X% $XXX.X So and XXXX quarter flow record reached grew grew stronger sales million. results. XX.X% up year-over-year well to our
We $XX.X EBITDA to million. XXX.X% grew adjusted by
quarter weekly XX.X% behaviors, sizes. driven grew single in channel price X.X% and more including mix high to returning sales our by This generated shipped group with we XXXX Year-over-year into smaller XX,XXX was versus average in-Shack digit pre-Covid was and higher guests by up same-Shack-sales traffic. and
sales into sales key year-over-year we year. another our all to for by channels and identified quarter We where roll sales shared in out have our goal total Putting and store that most we more is the restaurant and same than a first have improve us more improve last as strong doubled We key in-Shack, profitable. grew is to by strategy our profitability Shacks nearly showed are of year goal way the sales to against our discussed a than we own into we Kiosk end drive Kiosk Shack XX% Kiosk profitability that versus to last progress our XXXX.
are we is Kiosk highest transactions. Kiosk executing are are traditional We with of cashier order this on return are timeline. higher pleased our than proud channel and ahead that report here. to values investment we margin our
of sales weekly same-Shack last April shifts the in an March the year; versus of XX,XXX despite up XX,XXX average in spring with pleased also versus break calendar. are X% about sales We
from first from driving the sales into we channels of we strong benefited quarter. menu had April, mix own did lesser In benefit our and than a price a in
sales Our license performed this quarter also $XXX.X we Shacks million. to well as XX.X% grew year-over-year
in exceptionally our performed Shacks partners We China guest new well and world recent have particular airports the across had Mexico. and demand successful strong have in the the well and as with as roadside openings serving our U.S.
quarter or margin of improve a higher basis number Shack quarter our Shack our of large performance strong operating direct our versus year. key outcome XX.X% from and First four XXX recent on profitability. profit was sales, inflation, $XX.X progress persistent restaurant a this million Despite points pressure Shack-level last openings to was priorities of
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promotions. directing channels by into we menu addition, as early the own In are more access as business value to there, our lowest LTOs price added day-part exciting offering well
help efficiencies efficiencies We're be staffing great better us hours drive efficient. is helping are tactics and seeing to our from extend benefits and more Second, growing important recruiting throughput. labor Shacks. and operating targeting in and Kiosks our tool to another here retention
other our packaging and continue our standards lessing -- to condiments orders go to forward to from and strategies lower on push for off-premise. we expenses prices third party more profitability off-premise to improving profitable controllable to control lessening opportunities premium to and lower delivery, -- and Third, be
also expenses. in here with quarter strong We the controlling additional other progress of elements operating showed
able able a restaurant meaningful we equipment. have critical expenses were to headwind in prior supply repair to needed for example, an just as and were our maintenance As quarters additional been secure lower that we
have end take we'll the increases margin despite encouraged price we chain price we far expansion more approach our to are profitability this pricing second reception the the of paper X% And to are the and price and with help pressures delivered This further year. towards is the taken annual and guest persistent to with against first pressures. by throughout into quarter. point, lastly, the will level supply the sight we've But strategic we historical needed approximately a we opportunities. of pleased is our and and we thus line, to take in-line protect quarter continue food in menu face, inflationary we the improvements line bottom On
Now into sales XX.X% of costs and million paper year. XXX the last Food or components of below profitability. restaurant $XX.X were basis points Shack
by by food single increased menu and blended year-over-year, Our was inflation which price. a benefit higher digits the from high paper off-set
training operations and and we on programs, versus in improve to focus our year. with Additionally, waste with retention our were investing impact our people last able
single quarter digits last Our levels and beef down coast versus -- year. slightly were cost last rose versus high
more versus showed double other last basket Importantly, fry cost item dairy XX% nearly and food every in than our other year, including accelerating increasing cost and by rising pressures cost by digit percentages.
XX.X% expenses our needed XXXX related from or Shack-sales the Shack. million $XX.X quarter of continue Labor investments and XXX were and XX.X we in percentage operate valued quarter to make as up to quarter down points our teams over and first in basis staff
optimized six As openings expected, their from the face we Shack XX profitability past working new the up over months, way to pressures levels. still staffing
improve our capitalized on to plan execute our we However, our in through profitability. sales our restaurant mature produced teams Shacks, strong as and flow in solid more
like million quarter from XXXX. sales higher Other Shack-sales our a and with were better management from quarter X.X% really of down basis Occupancy points the million R&M. related from Shack-sales $XX.X and expenses sales XXXX, improvement our of of first down channels, own price, points menu marketing operating our coming coming expenses or the the XX.X% driving expenses XX or of of hundred were first performance. in benefit from basis With lower expenses $XX.X
$X.X last we million points professional million G&A leverage fees. G&A in total invest revenue XX $XX.X legal million or XX.X% of was total $XX.X with showing of year, was revenue, Adjusted and or as of XX.X% versus discipline. excluding settlements basis
was $X.X loss or exchanged We million in Shack of one share. loss pro-forma net realized We million diluted $X.XX $XXX,XXX net share. attributable adjusted quarter $X.X an reported and fully of and Shake were million. costs Inc., per $XX.X to or cent depreciation the Pre-Opening per
tax the compensation Our adjusted pro-forma was XX.X%. equity tax excluding based of rate, impact
Finally, sheet at $XXX.X our the in solid end million and equivalence remains quarter. balance cash with of cash the
we've current reflect factors not uncertainty does quarter the underlying delays the this our spending strong the pressures, of inflationary development ongoing balances unknown which expectations consumer schedule. any guidance, on for landscape to around degree the so range Now far in our business additional with seen first and
Shacks For million approximately $XXX.X operated to our take total each to partners for licensed both of quarter, of million end at our X% mid XX revenue guide company million quarter. $XXX.X new we plan we low guide for and $X.X grow open the inclusive to single second same-Shack-sales $X.X to the of high with to digit licensed year-over-year by increase revenue. second price single the million digits the to and price We with of
and consumer many Covid from its than has on lingering including of competitors, has a for business home been work on impact challenge our trends, a our had patterns, us. larger mobility impacts
face that with since operating to persistent XX%, And finally the reach of even our of delivered inflation, guide with Shack-level business, in re trends marking many onset the we approximately pressures the consistent we're However, reintroduce guidance to metrics. highest we're and margins quarter we level seeing more profit second we year able Covid. profitability full have quarterly for
full the total to $XX of billion year-over-year million. of $X.XX to revenue representing XX% revenue guide to billion, $XX growth year For we with million licensing XXXX, $X.XX XX%
operated count by and will by expect XX units comp We be partners. this company of our licensed domestic grow to our which year, approximately system-wide XX about XX XX to Shack to operated, XX
to with mix. expect least by price Our Despite guide reach a digits sales margin is and Shack-level XXXX for full restaurant XX guide XX%. our at mid deliver inflationary in expansion margins trends single XXX and to ongoing single of low headwinds, same-Shack consistent digits operating to we points basis for to to to mid-to-high in profit grow XXX year
on We're pressures materialize, path risks beef see debating we're this pressures reflecting while our potential well all as softness strategic impact surpass not of and continue a But equal. the margin what these else exceeding from we are as to to a we our If in spar, on XX% inflationary we guidance. priorities, for year. degree inflationary above focused of today. execute beyond this are As consumer experiencing not did both restaurant
this We We basket, digits similar to which are single costs by the hedge is planning paper on were uncertainty largest down single of the for an beef we high see mid part quarter, degree and to versus components of rising not just modestly and by up our our of costs significant costs first fourth cost degree. our quarter, beef and where basket, beef, year-over-year, a In led food area including the the rise many around a year-over-year. year. by do we're
However, we supply the have to material started throughout increase recently this broad-based anticipate beef costs the chain, with across see year. and to challenges a be we our pressure
seeing of inflationary in that other pressures than this signs more items last. are basket, to our XX% fries are year We also likely us many even from approximately cost including further
making also and are we wage up resulting continued all, pressures taken investments in teams. as our single supporting our together. in mid we year-over-year digit above But focus building winning on is people This
is to backdrop operating not have remain, pressures and navigate and the profitability operating despite right still place we show plan we these in continued easy. Our challenges. believe higher Inflationary continue to
EBITDA $XXX even to pressures, inflationary to as million the least XX profits we target this to we to fiscal XXXX adjusted are fact, planning macroeconomic by with In grow year record year. achieving this XX% $XXX potential at and
this exceeding to sight of line have We range.
of on the the degree throughout year. will be face pressures dependent this we However,
XX.X% XXXX absent XX to At of reiterate midpoint G&A that the $X.X would versus from in legal excluded of more the total EBITDA million million adjusted professional $XXX guidance G&A levels. fees that than quarter. $XXX basis and million revenue, We this be leverage of are points our XXXX
approximately to million be to of points, $XX pro-forma impact compensation $XX pre-opening to the depreciation stock-based rate, based million, million, million, guidance tax Other $XX to million $XX excluding of adjusted $XX of an XX%. of equity expense XX% compensation
I thank back you So for can with to time it your that and Randy. turn
