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Chipotle Mexican Grill's(CMG Quote) fourth-quarter profit more than doubled amid improved operating margins and continued sales strength.
The burrito chain said Thursday that its earnings rose to $10.8 million, or 33 cents a share, from $4.3 million, or 16 cents a share, a year earlier. The results topped Thomson First Call's average analyst estimate of 28 cents a share.
Revenue jumped 27% to $219.7 million from $173.3 million, beating Wall Street's target of $216.4 million. Same-store sales, or sales at restaurants open at least a year, increased 10.1%. ...
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