Chipotle's Q3 Revenues Driven By Price Hikes & Increased Customer Traffic

The price hikes and increasing customer count were the primary factors that drove the comparable store sales. In a short span, the restaurant chain has managed to outpace all other fast-casual restaurants and has grabbed people's attention. The company's net operating margins rose to 28.8%, an increase of 200 basis points, primarily due to lower food costs and effective management. As a result the net income rose 57% to $130.8 million.