Here's What Chipotle Is Saying About Its Business

Here are the details from Chipotle's (CMG) - Get Report fourth-quarter conference call. The fast-food chain said it will continue to focus on improving customer service with manager incentive programs that reward managers of restaurants that get good marks.

Elevated avocado prices have resulted in a rise in food costs as a percentage of earnings of 40 basis points. The company's labor costs are expected to rise by 100 basis points in 2017.

Food costs are expected to improve in the first quarter, and management believes it can get margins back up to the high 20s.

This article was written by a staff member of TheStreet.