Chipotle 3Q net income soars nearly 57%

Chipotle 3Q net income soars nearly 57%

Same-store sales rise nearly 20 percent, primarily on traffic

Chipotle Mexican Grill Inc. continued its industry-busting performance in the Sept. 30-ended third quarter, with net income soaring nearly 57 percent.

The Denver-based fast-casual operator’s same-store sales increased 19.8 percent during the quarter, which the company attributed primarily to traffic and an increase in average check that included the benefits of a systemwide menu price increase that rolled out at the end of the second quarter. Revenue topped $1 billion.<

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