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Chipotle's Fourth Quarter Report Beats Wall Street Expectations

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Chipotle has beaten Wall Street's earnings expectations for the fourth quarter. The company reported earnings of $1.34 per share, just above the expected $1.32. It also matched expected revenues of $1.11 billion, fueled by menu price increases. In 2018, Chipotle says it plans to open 130-150 new restaurants. It also expects to save between $40 and $50 million thanks to recently passed tax cuts.

Added on the 06/02/2018 17:53:13 - Copyright : Wochit

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