Chipotle soars after sparkling comp sales growth

Chipotle (CMG) reports comparable store sales rose 9.3% in Q4, up 310 bps Q/Q and over double last year's Q4 pace.

Restaurant-level operating margin rose 100 bps to 25.6%. Lower marketing costs helped to offset a jump in food costs.

The company added 56 outlets to take its store count to 1,595.

The outlook for 2014 is for mid single digit comp sales growth and 180-195 new restaurants.

CMG +10.9% AH

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