Chipotle Jumps on Q1 Earnings Report

Chipotle Mexican Grill

released its fiscal first-quarter earnings results on Thursday after the closing bell. The company beat both analysts' consensus earnings and revenue estimates. The stock was last trading up almost 6 percent in the after hours to $347.80. Chipotle reported net income of $76.6 million or $2.45 per share, compared to $62.7 million or $1.97 per share, in last year's corresponding quarter. This easily beat analysts' consensus estimates of $2.14 per share. Revenue was up 13.4 percent to $726.8 million from $640.6 million in last year's first-quarter. This also came in ahead of Wall Street revenue estimates of $724.77 million. Comparable store sales in the first-quarter were up 1 percent. Prior to Thursday's jump in after hours trading, CMG had added a little better than 10 percent in 2013.