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New stores & improvements in unit-level economics more than double Chipotle's 4th-Q profit

DENVER Chipotle Mexican Grill Inc., operator of more than 570 namesake fast-casual burritos restaurants, more than doubled fourth-quarter profit from a year earlier on revenues that jumped 26.8 percent to $219.7 million.

The company said the opening of 35 new restaurants during the quarter ended Dec. 31, a same-store sales increase of 10.1 percent and improvements in unit-level economics drove both sales and profit.

Chipotle earned $10.8 million, or

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TAGS: Finance
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