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Stockreport

Chipotle beats estimates helped by menu price increases [CNBC]

CHIPOTLE MEXICAN GRILL (CMG)  More Company Research Source: CNBC
Last chipotle mexican grill earnings: 4/25 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
PDF Chipotle Mexican Grill beat earnings expectations on the back of higher menu prices. Same-store sales for the company rose 0.9 percent in the quarter, higher than the 0.8 percent Wall Street had forecast, according to StreetAccount. CEO Steve Ells said that Chipotle is making good progress in its search for his replacement. Published 2 Hours Ago Updated 42 Mins Ago CNBC.com Getty Images Chipotle restaurant workers fill orders for customers in Miami. A price hike in November may have been the catalyst that Chipotle Mexican Grill needed. The burrito chain posted better-than-expected fourth-quarter earnings on Tuesday, citing an increase in average check despite slowing foot traffic. Shares of the company whipsawed in aftermarket trading, rising as much as 5 percent before turning down 3 percent. Chipotle said that net income rose 3.9 percent to $43.8 million, or $1.55 per share, from [Read more]

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