Chipotle Q3 sales skyrocket

DENVER — Chipotle Mexican Grill reported its strongest quarter of 2006.

 

For 12 weeks ended Sept. 30, 2006, comparable-restaurant sales increased 11.6 percent. Revenue increased 28.3 percent to $211.3 million, while net income rose $11.8 million compared to $5.1 million in 2005.

 

"We are pleased with our third quarter results which reflect a continued focus on our vision to change the way people think about and eat fast food," said Chipotle founder, chairman and chief executive Steve Ells. "We continue to emphasize our Food with Integrity initiative and place increasing importance on the development of our people.

 

"This focus, on hiring and developing great people, will allow us to run great restaurants and provide an exceptional experience for our customers."