NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Chipotle Mexican Grill Inc. (CMG) on Wednesday reported first-quarter earnings of $359.3 million.
On a per-share basis, the Newport Beach, California-based company said it had profit of $13.01. Earnings, adjusted for one-time gains and costs, came to $13.37 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $11.63 per share.
The Mexican food chain posted revenue of $2.7 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $2.67 billion.
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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
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