Chipotle Heats Up As Sales Top Estimates — Stock Jumps

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares climbed after the fast-serve restaurant reported first-quarter results following Wednesday’s closing bell.

Here’s a look at the details inside the report. 

• CMG stock is moving. Watch the price action here.

Chipotle Q1 Details       

Chipotle Mexican Grill reported quarterly earnings of 24 cents per share, in line with analyst expectations.

Quarterly revenue of $3.09 billion beat the Street estimate of $3.07 billion, according to Benzinga Pro data. 

Chipotle reported the following first-quarter highlights, year over year:

• Opened 49 company-owned restaurants, with 42 locations, including a Chipotlane.
• Total …

Full story available on Benzinga.com