Chipotle shares rise 7% after CEO says same-store sales growth will continue

Chipotle Mexican Grill reported third-quarter earnings for the period ended Sept. 30, with results that mixed positive traffic trends against margin pressures. The company’s stock gained 7% in extended trading following the earnings announcement and CEO commentary.
Net income declined to $339.9 million, or 27 cents per share, from $382.1 million, or 29 cents per share, in the year-ago period. Restaurant-level operating margin contracted from 24.5% to 23.3%. However, net sales increased 9.6% t