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

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.