Chipotle reports improved 3Q sales, margin

Increased traffic and improved margins drove 3Q increase

Chipotle Mexican Grill Inc. cited traffic-driven sales growth and improved restaurant-level margins for its third quarter profit jump of 40 percent.

For the quarter ended Sept. 30, the Denver-based company earned $48.2 million, or $1.52 per share, compared with $34.5 million, or $1.08 per share, in the same quarter a year ago.

Chipotle, which ended the quarter with 1,023 restaurants, said revenue rose 23 percent to $476.9 million. That growth, it said, was driven by a 11.4-perc

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