Market Overview

UPDATE: Chipotle Q4 Profit Rises 6.8%

Share:
Related CMG
Twitter's Death Has Been Greatly Exaggerated, Social Data Shows
Can Panera Capitalize On Chipotle's Downfall?
Panera Set To Gain From Comp Growth, Chipotle Woes? (Investor's Business Daily)

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.

Posted-In: profitEarnings News

 

Related Articles (CMG)

View Comments and Join the Discussion!

Get Benzinga's Newsletters