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Author: HOGridin Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 430  
Subject: organic growth up 23% Date: 8/24/2008 2:34 PM
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Chipotle reported 2Q08 earnings jumped 23% on strong same-store sales and new restaurants.

The Denver-based fast-casual restaurant reported net income of $24.5-mln, or 74 cents per diluted share, compared with $20-mln, or 60 cents a share, in the year-earlier quarter. Revenue soared 24% to $340.8 million.

Chipotle reported that same- store restaurant sales increased 7.1 percent and that the company opened 49 restaurants during the quarter.

The company said it expects to continue to post same-store restaurant sales "in the mid-single digits" for the rest of the year and is on track to open as many as 140 more stores. Chipotle presently has 775 stores nationwide.
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