A Cooling Burrito Market? Chipotle Sales Slow And Revenue Misses Targets

April 21, 2015 8:39 PM

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Same-store sales increased 10.4%, but slowed on a quarter-by-quarter basis: the first quarter’s result is down from the 16.1% growth reported in the fourth quarter of 2014 and from 19.8% in 2014′s third quarter. The company said that comparable sales growth was driven by an increase in check size (due to a menu price increase that took full effect during the second quarter of 2014) as well as increased foot traffic.

Net income for the quarter, however, was more of a bright spot for the chain: Chipotle reported $122.6 million in net income for the quarter, a figure that’s up 47.6% year-over-year and resulted in earnings of $3.88 per share, a figure that easily beat the $3.66 per-share analyst consensus.

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