
Chipotle Mexican Grill Inc (NYSE:CMG) is trading higher Wednesday after the company announced better-than-expected fourth-quarter earnings results and issued guidance.
Chipotle reported quarterly revenue of $1.96 billion, which was in line with estimates, representing a 22% increase year-over-year. The company reported adjusted earnings of $5.58 per share, which beat the estimate of $5.26 per share.