Last night Chipotle reported quarterly earnings of $2.56 a share and revenues of $690.93 million. Analysts expected an EPS of 2.3 and revenues of $707.09 million. CMG reported a 61% rise in profit last quarter after stronger margins, developmental growth and increased sales. Although they posted growth, CMG said that they did not see as many customers in April as customers may be downgrading to lower quality and more affordable fast food restaurants due to our weak economy. Their customer base is still growing, just at a slower rate than previous time frames.

David Cornes holds a degree in economics from the University of Montana.