On a comparable store basis, sales jumped 17.8% during the quarter, beating the Consensus Metrix estimate of 15.5% growth. On the bottom line, too, Chipotle showed improvement: first quarter net income came in at $46.1 million, up from a $26.4 million loss in the year-ago quarter. Chipotle also looks poised to deliver on its promise to add dessert to its menu this year: in the call Tuesday afternoon, Chipotle executives said that the chain would soon begin testing two in-house sweets. Shares of Chipotle stock, which closed Tuesday's regular trading session up 0.6%, surged in after-market trading on the strong earnings report. As Chipotle believes it's solved this issue, executives did not take further questions on the matter.

Source: Forbes April 25, 2017 20:54 UTC