Chipotle Earnings Better Than Expected; Investors Disappointed

Chipotle Mexican Grill added almost 200 new restaurants last year and raked in over $4 billion in revenue. But investors were hoping for more frothy numbers from the company's latest report card. A long time darling of the casual dining chains, Chipotle has been serving what the millennials want: fresher, healthier food, much to earlier parent company McDonald's chagrin. One of the problems may be that Chipotle temporarily took pork out of 500 of its 1,700 U.S. stores last month because of a quality issue with one of its suppliers. That cost $2 million, Higher food prices are also affecting Chipotle's bottom line. But Chipotle isn't planning any price increases across its menu for now. The casual dining chain plans to open another 200 stores this year. It also predicts continued sales growth.