Chipotle Sales Top Estimates as Diners Brave Blizzards
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Blizzards and subzero temperatures couldn’t deter diners from getting their burrito fixes.
Chipotle Mexican Grill Inc. today posted first-quarter revenue that topped analysts’ estimates and raised its forecast for sales at its established stores, allaying concerns that the chain’s rapid growth would slow amid harsh winter weather and fierce restaurant competition. The chain, however, is seeing its ingredient costs climb and is raising menu prices.