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CHIPOTLE SHARES ARE SURGING AFTER EARNINGS (CMG)

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Interior of a Chipotle

Chipotle just announced Q4 earnings of $2.53 per share, on revenue of $844.1 million.

This beat expectations for earnings of $2.52 per share, on revenue of $826.3 million.

The stock is up 11.3% after hours to $550.

Comp store sales were up 9.3%, beating expectations for 6.7%.

Full year revenue was up 17.7% from a year ago to $3.21 billion and comp restaurant sales were up 5.6%.

Chipotle opened 185 new restaurants in 2013.

For 2014, Chipotle expects low to mid single digit comparable restaurant sales ex-menu price increases.

Here's the full press release »

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