Chipotle profit rises 23% as the client traffic increase

April 20, 2011, 6: 38 am EDT by Leslie Patton and Cecile Vannucci

(Updates with analyst comment in the fourth paragraph and discussion society of the question of work in the eighth paragraph).

April 20 (Bloomberg) - Chipotle Mexican Grill Inc., the spin-off Corp. McDonalds burrito in 2006 chain, reported a 23% gain in the first quarter as consumers benefit dinner more.Net income rose to 46.4 million dollars, or $1.46 per share of 37.8 million, or $1.19, a year earlier, the Denver-based company said today. Analysts projected $1.43, the average estimate in a survey of Bloomberg.Marge of operation of chipotle fell 90 basis points to 25.2% in the quarter due to higher costs of food, according to the Declaration. Burrito chain joins restaurants including Yum! Marks, Cheesecake Factory Inc. and Restaurants Inc. of BJ in the reports of results today. All with costs outbreaks ingredients such as meat, eggs and milk, which have forced some chains to raise prices. "" It really is a matter of producing ", said Steve West, an analyst with Stifel Nicolaus & Co. in St. Louis. There was a freeze in the Mexico and Argentina which wounded the fruit and vegetables, including lawyers and tomatoes, he said. West advises to purchase shares.Yum based in Louisville, Kentucky, said profit in the first quarter increased by 9.5% to $ 264 million, or 54 cents per share, compared with the previous year. The company operates the Taco Bell and chains KFC, with more than 37,000 sites around the world. Focused on the hills of Calabasas, California Cheesecake Factory, which has about 160 U.S. restaurants, has posted a gain of 9.6% in profit for the first quarter.Labor IssueChipotle fell $ 9.10 to $ 279 at 5 h 42 end stock composite of the New York Stock Exchange. The actions of $8,25 or 2.9%, to $288.10 today closed and won 35 percent this year.Yum has increased by $3.15, or 6.1%, at $54.70 in New York. Cheesecake Factory fell from $1.01, or 3.3%, $29.59 on the Nasdaq Stock Market, after the closure of the 2.5 per cent.Chipotle is currently with the criminal division of the Office of the Attorney for the U.S. in Washington, in addition to Immigration to the United States and Customs Enforcement, to provide certain documents in a review, co-CEO Montgomery Moran said on a conference call today. The company had the fire about 450 workers when an immigration investigation began earlier this year in Minnesota. "Much ADO is made about this investigation,"said West. "It is risk because we do not know what will be the final result."Chipotle sales rose 24 percent to 509 million dollars in the three months ending March 31, the company said. Income was 410 million dollars in the quarter year - he y a.Il has approximately 1,100 Chipotle stores to the United States.

-Editors: Niamh Ring, Roman Bostick

To contact the reporters on this story: Leslie Patton in Chicago at the lpatton5@bloomberg.net. Cecile Vannucci in New York at cvannucci1@bloomberg.net.

To contact the editor responsible for this story: Robin Ajello to the rajello@bloomberg.net

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