Chipotle Mexican Grill reported a profit of $403.5 million, or 32 cents per share, for the second quarter, maintaining the same earnings per share as the previous year despite a decrease in total profit. The increase in sales was attributed to the opening of 100 new restaurants during the quarter, 80 of which featured a drive-through pickup lane. The company has raised its guidance for comparable sales as a result of these new openings.

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https://www.wsj.com/business/earnings/chipotle-mexican-grill-posts-higher-sales-driven-by-new-restaurant-openings-f614dceb

Chipotle Mexican Grill Posts Higher Sales, Driven by New Restaurant Openings

The fast-casual chain reported a profit of $403.5 million, or 32 cents a share

Grace Yoon

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Employees wearing gloves assemble burritos at a Chipotle restaurant counter. Chipotle opened 100 restaurants in the quarter, 80 of which include a drive-through pickup lane , and one international partner-operated restaurant.Daniel Becerril/Reuters

Chipotle Mexican Grill CMG2.18%increase; up pointing triangle raised its comparable sales guidance as it posted higher sales in its second quarter, fueled by new restaurant openings.

The Mexican-inspired fast-casual chain reported a profit of $403.5 million, or 32 cents a share, compared with $436.1 million, or 32 cents a share, a year earlier.

Chipotle Mexican Grill Posts Higher Sales, Driven by New Restaurant Openings

Chipotle Mexican Grill Posts Higher Sales, Driven by New Restaurant Openings

The fast-casual chain reported a profit of $403.5 million, or 32 cents a share

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