The figure is a key metric Omega Constellation Chronometer Automatic Watch Price
because it strips out the volatility of newly opened and closed locations.
Chipotle earned $79.6 million, or $2.53 per share, for the quarter ended in December. That's a penny more than analysts expected. A year earlier, the company earned $61.4 million, or $1.95 per share.
Story HighlightsSales rose 9.3% at established locations in the final three months of the yearChipotle operating margin has improved as a result of lower costs in other areas, such as marketingRevenue rose to $844.1 million, topping the $826.5 million Wall Street expected
During a call with analysts, Chipotle executives were noncommittal when asked about earlier discussions of a price hike of 3% to 5% in the second half of the year. Although the company is dealing with higher costs for avocados and other ingredients, its operating margin has improved as a result of lower costs in other areas, such as marketing.
NEW YORK (AP) Chipotle's popularity isn't showing any signs of fading, and the Mexican food chain is eyeing whether it can raise prices later this year without scaring off customers.
The Denver based company said Thursday that sales rose 9.3% at established locations in the final three months of the year. By contrast, Omega Seamaster No Date
Chipotle Mexican Grill has surged in popularity because people see it as being a step up from traditional fast food chains such as Burger King and Wendy's. The chain's "Food with Integrity" slogan is intended to underscore the higher quality of its ingredients. In coming weeks, Chipotle is even introducing a series called "Farmed and Dangerous" on Hulu that satirizes the industrial farming system.
When asked why Chipotle would risk hurting its brand by raising prices when it doesn't need to, an executive replied that was among the considerations in deciding whether to proceed with the hike.
McDonald's reported a decline of 1.4% for the period. Even Starbucks, which has enjoyed healthy growth, saw the figure rise by Omega Seamaster Professional Chronometer 300m 1000ft a more modest 5%.
Chipotle eyes price hike after strong quarter
Mexican food chain sees stronger growth for the quarter than rivals McDonald's and Starbucks.
its ingredients. Many customers simply like that they can walk down a line and customize the toppings they get on their burritos, bowls or tacos. The ability to dictate exactly what they want is also what has helped make Subway so popular.
It's not just the messaging over Omega Seamaster 007 Professional
Looking ahead, Chipotle says it expects sales in established locations to rise in the low to mid single digits for the year, up from its previous forecast of growth in the low single digits. That doesn't factor in potential price hikes to its menu.
A door on a Chipotle Mexican Grill in Robinson Township, Pa.(Photo: Gene J. Puskar)
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