Chipotle Lifts Outlook as Revenue Climbs

Restaurant chain benefits from new locations and higher prices

Chipotle Mexican Grill Inc.’s revenue rose 8% in the latest quarter as the restaurant chain benefited from openings of new locations and higher menu prices.

The company, which on Thursday also raised its full-year sales outlook, generated $1.27 billion in second-quarter revenue, helped by a 3.3% increase in comparable sales. Analysts polled by FactSet estimated a 2.7% rise in same-store sales.

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