Chipotle Mexican Grill Inc. reported on Thursday a 7.6-percent increase in net income for the June 30-ended second quarter. Strong traffic at the Denver-based fast-casual chain helped boost results despite higher food costs and a non-recurring tax adjustment.
NET INCOME
Result: $87.9 million, $2.82 per share% Increase: 7.6% (from $81.7 million, or $2.56 per share)
REVENUE
Result: $816.8 million% Increase: 18.2% (from $690.9 million)
SAME-STORE SALES
% Increase: 5.5%Source: Company report
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Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout
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