Chain takes $2.4M pre-tax charge against failed TV project
Chipotle Mexican Grill on Tuesday reported a 9-percent increase in net profit despite a hit taken by the company’s failed investment in the soul food concept that was dubbed “America’s Next Great Restaurant.” For the quarter ended June 30, Chipotle reported a net income of $50.7 million, or $1.59 per share, compared with $46.5 million, or $1.46 per share, in the same quarter a year ago. The results disappointed analysts who had projected earnings of about $1.68 per ...
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