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The burrito restaurant chain beat expectations for second quarter profit and reported revenue that was mostly inline with expectations.
Second quarter adjusted profit of $12.65 a share beat the consensus of $12.31 a share. Revenue, which rose more than 13%, was $2.5 billion as was the consensus estimate.
Same store sales rose 7.4%, while analysts had expected 7.5%.
Chipotle said its restaurant level operating margin improved to 27.5%, up 230 basis points from last year.
It opened 47 new restaurants in the quarter, including 40 locations that have a drive-thru Chipotlane.
Chipotle’s third quarter guidance points to same-store sales growth in the low-to-middle single digits, and it reaffirmed its annual guidance for comparable sales in the mid-to-high single digits.
