© Reuters.
By Daniel Shvartsman
Investing.com – Chipotle Mexican Grill (NYSE:) shares rose 8.2% in post-earnings trading after the company met revenue expectations and earnings came in well ahead of .
The restaurant operator reported $1.96B in revenue, in line with analyst estimates and 24% growth on last year. Adjusted earnings were $5.58/share, ahead of $5.29 estimates. Diluted earnings were $4.69/share.
The company also posted an impressive 15.2% comparable restaurant sales increase. Digital sales only grew 3.8%, while operating margins grew to 8.1% from a prior 7.3%. Chipotle opened 78 new restaurants in the quarter.
“2021 was an outstanding year