Shares of Chipotle Mexican Grill Inc. moved higher after hours on Tuesday after the fast-casual Mexican chain reported first-quarter results that beat expectations, helped by new restaurant openings and falling avocado costs.
The fast-casual Mexican chain reported first-quarter net income of $291.6 million, or $10.50 a share, compared with $158.3 million, or $5.59 a share, in the same quarter last year. Revenue rose 17.2% to $2.37 billion, compared with $2.02 billion in the prior-year quarter.
Same-store…
