Chipotle Mexican Grill Inc (NYSE:CMG) shares surged higher by about 7% Tuesday night after the fast-casual restaurant chain reported strong fourth-quarter earnings results and issued guidance.
What Happened: Chipotle said quarterly revenue increased 22% year-over-year to $1.96 billion, which was in line with estimates. The company reported adjusted earnings of $5.58 per share, which beat the $5.26 estimate.
