UPDATE: Chipotle Q4 Profit Rises 6.8%
Chipotle Mexican Grill (NYSE: CMG) reported a 6.8% rise in its fourth-quarter profit.
Chipotle's quarterly profit surged to $61.4 million, or $1.95 per share, from $57.5 million, or $1.81 per share, in the year-ago period.
Its revenue climbed 17% to $699.2 million. The company last month expected earnings of $1.92 to $1.97 per share on revenue of $699.2 million.
Chipotle's same-store sales gained 3.8%, versus estimates of 3.9%.
Chipotle shares closed at $305.01 yesterday.
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