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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 282.1million,or282.1 million, or 10.21 a share, compared with 223.7million,or223.7 million, or 8.02 a share, during the same quarter in 2022. Chipotle reported adjusted earnings of 10.36ashare.Revenuerose15.410.36 a share. Revenue rose 15.4%, to 2.52 billio ...