Sales up, margins down at Chipotle during Q3

|About: Chipotle Mexican Grill, Inc. (CMG)|By:, SA News Editor

Chipotle (CMG) reports comparable store sales rose 6.2% during Q3 on an increase in store traffic.

Restaurant level operating margin slipped 60 bps to 26.8% as higher food costs and marketing expenses factored in.

The company expects comparable restaurant sales growth in the mid single-digit for 2013 and low single-digits for 2014 (unless menu prices are increased).

CMG +2.6% AH.