Chipotle announced its second quarter 2014 results on Monday, revealing a revenue increase of 28.6 percent to $1.05 billion compared to the second quarter of 2013.

Despite higher prices, Chipotle’s comparable restaurant sales climbed 17.3 percent.

Quartz reported in May that Chipotle was raising prices companywide for the first time in several years because of increasing beef, dairy and avocado prices.

Net income for the second quarter of 2014 was $110.3 million, or $3.50 per diluted share, compared to $87.9 million, or $2.82 per diluted share, in the second quarter of 2013. Citing an analyst survey by Thomson Reuters, TheStreet reports that earnings estimates were $3.08 a share.

“We’re pleased that we continued to drive excellent results in the second quarter, including one of our strongest sales comps as a public company. These extraordinary results are made possible by our special food culture, innovative people culture, and strong business model that are not only creating significant shareholder value, but also helping us realize our vision to change the way people think about and eat fast food,” said Steve Ells, co-CEO of Chipotle, in a statement released by the company.

Shares of Chipotle were up more than 10 percent in after-hours trading.