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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!