Chipotle's profits jump 55%

DENVER Chipotle Mexican Grill Inc., the operator or franchisor of more than 600 namesake burrito restaurants, posted a 55.7-percent jump in first-quarter profit on increased same-store sales, new unit growth and improved restaurant-level profitability, the company reported.

For the quarter ended March 31, net income rose to $12.4 million, or 38 cents per share, from $8 million, or 26 cents per share, in the same quarter a year ago.

Revenue for the

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TAGS: Finance
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