Chipotle Beats Sales Estimates
Chipotle reported better-than-expected comparable sales as value deals and marketing efforts drove customer traffic. Quarterly revenue rose 9.6 percent to 3.29 billion dollars while shares gained in extended trading.
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Chipotle Mexican Grill reported a 2.1% increase in third-quarter comparable restaurant sales on Wednesday, topping analysts' average estimate of a 1.4% rise. Value deals and limited-time offerings helped the burrito chain attract more diners despite broader consumer spending pressures. That momentum drove shares up 4% in extended trading.
