Chipotle earnings rise 9% in 2Q

Chipotle earnings rise 9% in 2Q

Chain takes $2.4M pre-tax charge against failed TV project

Chipotle Mexican Grill on Tuesday reported a 9-percent increase in net profit despite a hit taken by the company’s failed investment in the soul food concept that was dubbed “America’s Next Great Restaurant.

For the quarter ended June 30, Chipotle reported a net income of $50.7 million, or $1.59 per share, compared with $46.5 million, or $1.46 per share, in the same quarter a year ago.

The results di

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