“We have the ability to raise prices further, if necessary and if the inflationary environment warrants.”

In context

“s today as well as articulate our ongoing and upcoming strategic initiatives and their impact on our long-term growth potential. Now on to our financial results. Omicron impacted our early first quarter results, and we are especially proud of our recovery and current trajectory. Our first quarter total revenue grew 31% year-over-year to $203.4 million, while Shack sales grew 30.6% to $196.8 million. Licensing revenue grew 43% to $6.6 million. System-wide sales grew by 36% year-over-year to $309.5 million, and we generated Shack-level operating profit margin of 15.2%. We raised menu price in March by approximately 3.5% and a premium on third-party delivery to 15% from 10% as we remain focused on building back our profitability in light of labor and COGS inflation as well as delivery costs. We have the ability to raise prices further, if necessary and if the inflationary environment warrants. Sales declined early in the quarter from fourth quarter levels as consumers avoided travel, gathering and return to office, particularly in our urban markets. Omicron and weather drove more than 160 days of closures, 87 of which were in January. Sales were impacted further during certain shifts as some operators needed to throttle channels and reduce hours to provide a great guest experience during these impacted times. We generated $68,000 in average weekly sales, down from $74,000 in the last quarter, but up over 6% year-over-year. AWS trends increased throughout the quarter from 63,000 in January, accelerating to $74,000 by March and most recently, $76,000 in April with higher traffic and the benefit of our price increase. First quarter same-Shack sales grew 10.3% year-over-year, suppo”