Chipotle's stock rises as higher prices and demand drive better-than-expected results
Shares of Chipotle Mexican Grill Inc. rose after hours on Tuesday after the Mexican fast-casual chain reported fourth-quarter results that topped Wall Street’s estimates, as consumer demand and higher prices on the menu outweighed higher ingredient costs. The company reported fourth-quarter net income of 10.21 a share, compared with 8.02 a share, during the same quarter in 2022. Chipotle reported adjusted earnings of 2.52 billio ...