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Chipotle 4Q profit rises despite higher food costs

Commodity costs comprised 33.5 percent of the company's revenue for the quarter

Chipotle Mexican Grill Inc. reported on Tuesday a 6.8-percent increase in profit for the fourth quarter despite higher commodity costs for beef, salsa ingredients and dairy.

For the quarter ended Dec. 31, Chipotle recorded net income of $61.4 million, or $1.95 per share, compared with $57.5 million, or $1.81 per share, in the year-earlier quarter.

As reported earlier, revenue grew b

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