Chipotle Mexican Grill reported quarterly profit that beat Wall Street forecasts as sales at established restaurants topped analysts' views, helped by more customer visits and last year's menu price increases.
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The upscale burrito chain's first-quarter net income rose to $62.7 million, or $1.97 per share, from $46.4 million, or $1.46 per share a year earlier.
Analysts, on average, were looking for a profit of $1.93 per share, according to Thomson Reuters I/B/E/S.
First-quarter revenue rose almost 26 percent to $640.6 million, topping analysts' average estimate of $630.9 million.
Sales at restaurants open at least 13 months were up 12.7 percent, blowing past the 10.5 percent rise expected by analysts polled by Thomson Reuters.