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.
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