Chipotle Profit Rises 30% as More Diners Visit Restaurant
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Chipotle Mexican Grill Inc., the biggest gainer among restaurants in the Standard & Poor’s 500 Index last year, said fourth-quarter profit rose 30 percent as more customers visited its stores.
Net income advanced to $79.6 million, or $2.53 a share, from $61.4 million, or $1.95, a year earlier, the Denver-based company said in a statement. The average of 27 analysts’ estimates compiled by Bloomberg was $2.52. Sales rose 21 percent to $844.1 million, topping the $826.3 million average projection.