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Chipotle Earnings Smash Expectations

Myles UdlandOct 21, 2014, 01:32 IST

Chipotle just reported earnings of $4.15 on comparable store sales that grew 19.8%.

Expectations were for earnings per share of $3.83 with comparable store sales expected to rise 17.2%, according to data from Bloomberg.

Chipotle also reported revenue of $1.08 billion, which compares to expectations for $1.06 billion.

With its last quarterly report, Chipotle said that it expected full year comparable store sales growth in the mid-teens with plans to open 180-195 new stores this year.

More to come ...