Chipotle's Sizzling Stock Stalls After Q4 Profits Disappoint

Chipotle Mexican Grill shares soared to a historic high Wednesday in anticipation of the restaurant chain’s fourth quarter earnings that landed just short of Wall Street’s expectations.

Fourth-quarter profit jumped 23.7% to $57.5 million or $1.81 earnings per share. Analysts had anticipated $1.83 EPS. Revenue also climbed 23.7% to $596.7 million. Chipotle saw similar success for all of 2011. Profits rose 20.1% to $214.9 million or $6.76 EPS, and revenue increased 23.6% to $2.27 billion.

Higher commodity costs drove food costs to roughly $191 million in the latest quarter.

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- Posted: 2012-02-01 21:27:47

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