Chipotle profit rises but sales growth slower than expected

April 21, 2015 11:12 PM

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Chipotle reported a higher profit for its first quarter as price hikes help drive up sales, but it wasn't enough to satisfy investors.

The Denver-based chain said sales rose 10.4 percent at established locations, falling short of the 11.7 percent Wall Street expected, according to analysts polled by Thomson Reuters. The sales growth was also a slowdown from the 16.1 percent increase in the previous quarter.

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