Shares of the company rose more than 1% in extended trading.
The company's same-store sales rose 8.4%, beating StreetAccount estimates of 7.1%.
Chipotle said foot traffic rose 7.4% in the quarter, bucking an industry-wide trend of declining visits.
Restaurant giants McDonald's and Starbucks both reported traffic declines for the last three months of the year.
Looking to 2024, Chipotle is forecasting full-year same-store sales growth in the mid-single-digit range and plans to open between 285 and 315 new locations.
Persons:
Chipotle
Organizations:
LSEG, burrito, Starbucks