Chipotle’s 2Q profit rises on increased traffic

Chipotle’s 2Q profit rises on increased traffic

Chipotle Mexican Grill Inc. reported on Thursday a 7.6-percent increase in net income for the June 30-ended second quarter. Strong traffic at the Denver-based fast-casual chain helped boost results despite higher food costs and a non-recurring tax adjustment.

NET INCOME

Result: $87.9 million, $2.82 per share
% Increase: 7.6% (from $81.7 million, or $2.56 per share)

REVENUE

Result: $816.8 million
% Increase: 18.2% (from $690.9 million)

SAME-STORE SALES

% Increase: 5.5%

Source: Company report

RELATED:

    •    Chipotle expands ShopHouse concept
    •    Chipotle to expand tofu test to all California units
    •    Same-store sales at NRN.com

Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout

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