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Chipotle shares drop on 4Q earnings preview

Rising food costs resulted in lower-than-expected forecast for the quarter

Shares of Chipotle Mexican Grill fell Wednesday after the company released preliminary fourth-quarter results late Tuesday that did not meet analyst expectations due to rising food costs.

The Denver-based company released unaudited results for the Dec. 31-ended quarter because officials are scheduled to make a presentation at the annual ICR Xchange investor conference in Miami on Thursday.

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