Chipotle Q1 Comps Up 10.4 Percent Reflecting Higher Traffic and Menu Price Increases
SEAFOODNEWS.COM [Nation's Restaurant News] By Lisa Jennnings - April 23, 2015 -
Chipotle Mexican Grill Inc. continued to see a double-digit same-store sales increase during the first quarter ended March 31, despite supply chain challenges, the company said Tuesday.
The Denver-based fast-casual operator reported a same-store sales increase of 10.4 percent, driven primarily by an increase in average check resulting from menu price increases rolled out in 2014, and, to a lesser extent, by traffic growth.
Q1 Net income was $12.6 million on revenue of $1.09 billion.
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