25 Mart 2017 Cumartesi Breaking News             Latest US News            New York

Protesters break windows outside Allegheny County Jail
Chipotle Mexican Grill Inc on Tuesday said it expects sales at established restaurants to grow in the "high single digit" percentages next year, which would end a long string of declines following food safety lapses last year. Continue Reading Below...

Chipotle quarterly restaurant sales down more than expected

Chipotle Mexican Grill Inc on Tuesday said it expects sales at established restaurants to grow in the "high single digit" percentages next year, which would end a long string of declines following food safety lapses last year. Continue Reading Below...

Chipotle quarterly restaurant sales down more than expected

Chipotle Mexican Grill Inc on Tuesday said it expects sales at established restaurants to grow in the "high single digit" percentages next year, which would end a long string of declines following food safety lapses last year.

Continue Reading Below

Shares in Chipotle were down 1.4 percent at $400 in after-hours trading after the burrito chain said third-quarter sales at restaurants open at least 13 months dropped 21.9 percent. Analysts, on average, had expected a decline of 18.7 percent, according to tracking firm Consensus Metrix.

Traffic declined 15.2 percent for the quarter.

Net profit fell to $7.8 million, or 27 cents per share, during the quarter due to the sales slowdown and a variety of charges, from $144.9 million, or $4.59 cents per share, a year earlier.

Chipotle also said it planned to build 195 to 201 new restaurants next year, down from 220 to 235 in 2016.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Chris Reese)

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

3 reasons why you should avoid preparing legal documents online
3 reasons why you should avoid preparing legal documents online
3 reasons why you should avoid preparing legal documents online
3 reasons why you should avoid preparing legal documents online
‘Why am I in handcuffs?’: Wyclef Jean tweets mistaken identity case | Toronto Star
‘Why am I in handcuffs?’: Wyclef Jean tweets mistaken identity case | Toronto Star
Canadian Stephan James stars in Shots Fired | Toronto Star
Canadian Stephan James stars in Shots Fired | Toronto Star
Betty Kennedy, journalist and Front Page Challenge panellist, dead at 91 | Toronto Star
Betty Kennedy, journalist and Front Page Challenge panellist, dead at 91  | Toronto Star
Could Bitcoin Make Online FX Trading More Attractive? Developments in Japan Suggest it Could
Could Bitcoin Make Online FX Trading More Attractive? Developments in Japan Suggest it Could
Mysterious ‘Hairy Blob’ Creature Could Be Decomposed Whale, Washed Ashore In The Philippines [VIDEO]
Mysterious ‘Hairy Blob’ Creature Could Be Decomposed Whale, Washed Ashore In The Philippines [VIDEO]
Legos ready to blast off with 'Women of NASA' set
Legos ready to blast off with 'Women of NASA' set
Some doctors helping patients sidestep high price of EpiPen by refilling them
Some doctors helping patients sidestep high price of EpiPen by refilling them
US stock indexes pull back from record highs; Oil falls
US stock indexes pull back from record highs; Oil falls
What Does Mama June Look Like Now In 2017? ‘From Not To Hot’ Star Suffers Complication During Makeover Surgery
What Does Mama June Look Like Now In 2017? ‘From Not To Hot’ Star Suffers Complication During Makeover Surgery
Dave Chappelle Netflix Release Date Confirmed: Famed Comedian To Debut Stand-Up Specials
Dave Chappelle Netflix Release Date Confirmed: Famed Comedian To Debut Stand-Up Specials
NEWS ARCHIVES