Chipotle Mexican Grill Inc. posted a 25-percent increase in third-quarter profit on Thursday, despite rising commodity costs, and beating analysts’ expectations. For the quarter ended Sept. 30, the Denver-based fast-casual chain reported net income of $60.4 million, or $1.90 per share, compared with $48.2 million, or $1.52 per share, for the same quarter a year ago. Revenue was up 24 percent to $591.9 million on a same-store sales increase of 11.3 percent, driven by traffic and menu ...
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Contact: Desiree Torres Desiree.Torres@penton.com