News

Chipotle triples profit for Q1

May 8, 2006

DENVER — Chipotle Mexican Grill Inc. reported a substantially profitable first quarter.

Net income for the quarter was $8 million up from $2.6 million in 2005. The restaurant said comparable restaurant sales increased 19.7 percent. Revenue surged 40.2 percent to $187 million.

"Our exceptional sales results, combined with increased operational efficiencies led to significant profitability growth for the quarter," said Jack Hartung, chief financial and development officer. "We also benefited from a comparison to soft comparable restaurant sales in the first quarter of 2005."