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Chipotle Mexican Grill Inc. Q1 Profit Increases, beats estimates

Chipotle Mexican Grill Inc. (CMG) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $158.29 million, or $5.59 per share. This compares with $127.10 million, or $4.45 per share, in last year's first quarter.

Excluding items, Chipotle Mexican Grill Inc. reported adjusted earnings of $161.39 million or $5.70 per share for the period.

Analysts on average had expected the company to earn $5.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $2.02 billion from $1.74 billion last year.

Chipotle Mexican Grill Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $158.29 Mln. vs. $127.10 Mln. last year.
-EPS (Q1): $5.59 vs. $4.45 last year.
-Analyst Estimate: $5.64
-Revenue (Q1): $2.02 Bln vs. $1.74 Bln last year.

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