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Chipotle Mexican Grill (CMG Quote) posted higher-than-expected second-quarter earnings, firing up shares late Tuesday.
The burrito and taco chain posted net income of $20 million, or 60 cents a share, up from $10.8 million, or 33 cents a share, a year earlier. Analysts polled by Thomson Financial predicted earnings of 45 cents share.
Revenue climbed to $274.3 million from $204.9 million the prior year. Same-store sales, representing sales at restaurants open at least a year, increased 11.6%. ...
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