Denver-based Chipotle Mexican Grill Inc. grew its full-year net income nearly 18 percent in fiscal 2013, ended Dec. 31, on the strength of 185 new restaurant openings and a same-store sales increase of 5.6 percent. Restaurant-level margins decreased slightly, by 0.5 percent, to 26.6 percent of sales at the 1,595-unit fast-casual chain, reflecting higher food costs partially offset by favorable leverage from higher sales.
 

4Q NET INCOME

Result: $79.6 million, or $2.53 per share
% Increase: 29.8% (from $61.4 million, or $1.95 per share)

4Q REVENUE

Result: $844.1 million
% Increase: 20.7% (from $699.2 million)

4Q SAME-STORE SALES

% Increase: 9.3%

Source: Company report



FULL YEAR NET INCOME

Result: $327.4 million, or $10.47 per share
% Increase: 17.8% (from $278 million, or $8.75 per share)

FULL YEAR REVENUE

Result: $3.21 billion
% Increase: 17.7% (from $2.73 billion)

FULL YEAR SAME-STORE SALES

% Increase: 5.6%

Source: Company report



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Contact Mark Brandau at mark.brandau@penton.com.
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