Chipotle First Quarter Earnings Per Share Increases 33% To $2.13 On Revenue Increase Of 7.4%

Restaurant level operating margin was 19.5% in the first quarter of 2018, a 180 basis point improvement from 17.7% in the first quarter of 2017. The improvement was driven by lower marketing and promotional expense, and comparable restaurant sales increases, partially offset by wage inflation at the …

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