Chipotle Mexican Grill reported on Thursday a nearly 20-percent increase in profit for the third quarter, despite increasing signs that consumers are cutting back. For the quarter ended Sept. 30, Chipotle reported net income of $72.3 million, or $2.27 per share, an increase of 19.6 percent over earnings of $60.4 million, or $1.90 per share, in the prior year. The results, however, were lower than expected, sending the stock price tumbling in after-hours trading Thursday. By midday ...
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Contact: Desiree Torres Desiree.Torres@penton.com