Chipotle profit up 75% in 3rd Q

DENVER Higher customer traffic and the addition of 28 more branches helped Chipotle Mexican Grill, now comprising 670 namesake burrito restaurants, boost third-quarter revenue by nearly 36 percent, yielding a nearly 75-percent leap in net profit for the three months ended Sept. 30.

Corporate revenue was $286.4 million and net income was $20.6 million, or 62 cents per diluted share.

Executives of the Denver-based fast-casual chain said same-store sales

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish