NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Chipotle Mexican Grill Inc. (CMG) on Wednesday reported first-quarter net income of $386.6 million.
The Newport Beach, California-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring costs, were 29 cents per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The Mexican food chain posted revenue of $2.88 billion in the period, which did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $2.92 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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