“You're seeing that also in the strength of some of our LTOs. People being willing to spend a little bit more. but we're not immune to the lower consumer trading down, and you'll probably see some of that in our numbers in this quarter and moving forward.”

In context

“mber versus August. But in pre-COVID times, that was a little bit more pronounced. Operator: Our next question is from Jake Bartlett with Truist Securities. Please proceed. Jake Bartlett: Great. Thanks for taking the question. My first one is on the consumer. In the past, you've made some comments about whether there's any specific movements in lower income or higher income. Any comments you can say in what you're seeing from just underlying strength of demand? Randy Garutti: Yes. Jake, I think you've seen this kind of broadly in our industry and a lot of industries. generally, I think we're all surprised at how resilient the consumer has been. at Shake Shack, I think what we've said in the past has stood true in this last quarter, which is we generally benefit from a higher-end consumer. You're seeing that also in the strength of some of our LTOs. People being willing to spend a little bit more. but we're not immune to the lower consumer trading down, and you'll probably see some of that in our numbers in this quarter and moving forward. Right. There's going to be more battles on discounting and your kind of traditional fast food that we're going to compete against from time to time. And that's going to be a pressure, I think, during this uncertain time. And we expect that and that's built into the guide as we go. It's built into how we're thinking about things. But I think in general, the consumer has been pretty resilient. So, we're happy with that and we're looking ahead to continue to build on the strategies we've employed so far that you heard a lot about today. Operator: Our next question is from Brian Vaccaro with Raymond James. Please proceed. Brian Vaccaro: Hi. thanks and good morning. I just wanted to ask about the labor improvements and Katie, I think you said wage inflation up in the mid single digits, if I he”