Chipotle's 2nd-Q profit jump falls short of expectations

DENVER New stores, increased customer traffic and higher menu prices helped propel a 22.5-percent surge in Chipotle Mexican Grill Inc.'s second quarter profit, company officials said Wednesday.

For the quarter ended June 30, Chipotle earned $24.5 million, or 74 cents per share, compared with $20 million, or 60 cents per share, in the same quarter last year. The results, however, still fell short of analyst expectations for per-share earnings of 75 cents.

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