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Chipotle 2Q profit rises 26 percent

DENVER (AP) -- 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.

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


Keywords:Chipotle,Earnings Report

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