Bucking downturn, Chipotle posts 38% profit rise

DENVER Increased customer visits, more locations and menu price increases helped Chipotle Mexican Grill Inc. boost its first-quarter net income by 38.9 percent to $17.9 million and its revenue by 29.3 percent to $305.3 million.

The 730-unit, fast-casual chain also posted industry-leading same-store sales results, up 10.2 percent in the first quarter over the same period last year.

Per-share earnings in the latest quarter ended March 31 rose to 52 cents, from

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