Chipotle Shares Fall After Showing Slowing Growth

A Chipotle Mexican Grill Inc. restaurant in Hollywood, California.
Photographer: Patrick T. Fallon/Bloomberg

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By Craig Giammona

February 3, 2015 at 9:10 PM UTC

Updated on

February 3, 2015 at 11:08 PM UTC

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Chipotle Mexican Grill Inc. fell in late trading after posting fourth-quarter same-store sales that trailed analysts’ estimates and saying that higher food costs slowed profit gains.

Sales at restaurants open at least 13 months grew 16.1 percent in the quarter, the Denver-based company said Tuesday in a statement. The average of analysts’ projections compiled by Consensus Metrix was for a 16.5 percent increase.