NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Chipotle Mexican Grill Inc. (CMG) on Tuesday reported first-quarter earnings of $291.6 million.
The Newport Beach, California-based company said it had net income of $10.50 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $8.89 per share.
The Mexican food chain posted revenue of $2.37 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $2.34 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMG at https://www.zacks.com/ap/CMG
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
