Score one for the investors who’ve bet that Chipotle’s worst days are behind it: the beleaguered burrito giant released earnings results Tuesday afternoon that were significantly better than Wall Street expected. The company posted double-digit gains in sales and a return to profit from a prior-year loss, and as a result of these surprisingly solid metrics, shares of Chipotle are popping in late Tuesday trading.
Chipotle Mexican Grill CMG +0.63% reported Tuesday afternoon that it recorded $1.07 billion in first quarter fiscal 2017 revenue, a 28.1% jump over revenue recorded in the year-ago period and a figure that edged above the $1.05 billion Wall Street consensus.
