Chipotle second-quarter profit climbs 26 percent, tops estimate

MarketsAssociated Press

Chipotle Mexican Grill Inc. (CMG) on Monday reported earnings that rose by 26 percent in its second quarter, and topped analysts' expectations.

The Denver-based company said earnings increased to $110.3 million, or $3.50 per share, from $87.9 million, or $2.82 per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a profit of $3.05 per share.

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The Mexican food chain said revenue climbed 29 percent to $1.05 billion from $816.8 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $979.8 million, according to Zacks.

Chipotle Mexican Grill shares have risen $57.15, or 11 percent, to $589.93 since the beginning of the year, while the Standard & Poor's 500 index has climbed 6.8 percent. The stock has increased $188.13, or 47 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Full CMG report: http://www.zacks.com/ap/CMG

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Keywords:Chipotle,Earnings Report