Shake Shack Inc (SHAK) has reported 214.61 percent jump in profit for the quarter ended Dec. 28, 2016. The company has earned $3.92 million, or $0.15 a share in the quarter, compared with $1.25 million, or $0.07 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $3.25 million, or $0.09 a share compared with $2.91 million or $0.08 a share, a year ago.

Revenue during the quarter surged 43.50 percent to $73.27 million from $51.06 million in the previous year period. Gross margin for the quarter contracted 185 basis points over the previous year period to 38.04 percent. Total expenses were 93.19 percent of quarterly revenues, up from 92.84 percent for the same period last year. That has resulted in a contraction of 35 basis points in operating margin to 6.81 percent.

Operating income for the quarter was $4.99 million, compared with $3.65 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $11.44 million compared with $8.69 million in the prior year period. At the same time, adjusted EBITDA margin contracted 141 basis points in the quarter to 15.61 percent from 17.01 percent in the last year period.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “I am proud of what our team has achieved in our second full year as a public company. I’m especially pleased given the challenging industry backdrop in retail and restaurants. And, we achieved all of this while furthering our commitment to growing in premier locations, and building an even better team member and guest experience that fosters the long term strength of the Shake Shack brand for years to come. Looking ahead, 2017 is shaping up to be an exciting year of growth with a strong pipeline of new domestic openings, as well as the evolution of the Shack App, which is just one part of our long term strategy to meet our guests, whenever, and wherever they are."

For fiscal year 2017, Shake Shack Inc expects revenue to be in the range of $349 million to $353 million.