Chipotle’s Profit Jumps As Sales Rise
Chipotle Mexican Grill Inc.’s fourth-quarter earnings rose 30% as the burrito chain said an increase in traffic at its restaurants boosted sales. Shares jumped nearly 13% to $556.10 in after-hours trading as revenue for the quarter topped Wall Street’s expectations. The shares finished 4 p.m. trading Thursday at $493.96, up 2%, ahead of the earnings figures.
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