Chipotle Mexican Grill
is falling 4% in late trading, despite a better-than-expected third quarter. Its CEO tells Barron’s that the burrito maker’s recent success is a window into the restaurant’s future, powered by ongoing investments in technology and ethical food.
Chipotle (ticker: CMG) said it earned an adjusted $3.76 a share, on revenue that rose 14.1% to $1.6 billion. Analysts were looking for Chipotle to earn $3.47 a share on revenue of $1.59 billion.
Chief Executive Officer Brian Niccol spoke with Barron’s after