Chipotle Blows Past Q3 Forecasts, Same Store Sales Grow 19.8%

Keep an eye on shares of Chipotle in Tuesday's trading session. Chipotle Mexican Grill (CMG) posted third quarter profits of $4.15 a share on revenue of $1.08 billion after the closing bell on Monday. The results surpassed Wall Street expectations. Sales at stores open more than a year surged 19.8%, better than forecasts. "We are extremely pleased with our performance for the third quarter and throughout the year. Our relentless focus on our vision to change the way people think about and eat fast food results in better quality food and a compelling dining experience for our customers," said Steve Ells, founder, chairman and co-CEO of Chipotle. Chipotle shares are up 22 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 3 percent. TheStreet's Kurumi Fukushima reports from New York.