Shake Shack, the US burger restaurant chain, saw same store sales increase 7.2% in the final quarter of 2014, with total revenue climbing 51.5% to $34.8m (£23.2m).
The 63-strong company, which made its stock market debut earlier this year, saw adjusted EBITDA rise 58.5% to $4.8m during the quarter.
For the full-year, total revenue increased 43.7% to $118.5m, while same stores sales rose 4.1%. Full-year adjusted EBITDA increased 30.6% to $18.9m.
The company reported a net loss of $1.4m for the final quarter, compared to $997k a year earlier, of which $1.1m was attributed to a tax charge related to its initial share offering.
During the year, it opened 23 Shack, including 10 domestic company-operated, one domestic licensed and 12 international licensed, representing a 57.5% increase in system-wide Shack count.
Earlier this year, when the company made its US stock market debut in January, its shares surged 118%, valuing the company at more than $1.8bn.
Randy Garutti, Shake Shack’s chief executive, said: “We are pleased with the strength of our fourth-quarter results and excited to begin our journey as a public company.
“We are witnessing a seismic shift in people’s understanding and expectations of food and, for the last decade, Shake Shack has helped lead the change in consumer behaviour through our fine casual approach.”
For the year ending 30 December 2015, the company currently expects total revenue to be between $159m and $163m, with same store sales growth in the low single digits.
It expects to open at least 10 new domestic company-operated Shacks in the year, plus at least five international licensed Shacks in the UK and Middle East, all of which are scheduled to open towards the end of 2015.
