Chipotle Mexican Grill Inc. reported on Tuesday a 6.8-percent increase in profit for the fourth quarter despite higher commodity costs for beef, salsa ingredients and dairy. For the quarter ended Dec. 31, Chipotle recorded net income of $61.4 million, or $1.95 per share, compared with $57.5 million, or $1.81 per share, in the year-earlier quarter. As reported earlier, revenue grew by 17 percent to $699.2 million on a same-store sales increase of 3.8 percent, mostly driven by ...
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Contact: Desiree Torres Desiree.Torres@penton.com