RTTNews | Jul 21, 2021 10:28AM EDT

10:28 Wednesday, July 21, 2021 (RTTNews.com) - The California-based fast-food chain, Chipotle Mexican Grill, Inc. (CMG) is up 8% in the trading on Wednesday due to better second-quarter results, driven by an increase in dine-in customers. The earnings comfortably outpaced Street view.

The net income of the company was $187.9 million or $6.60 earnings per share, jumped from $8.1 million or $0.29 per share in the same quarter last year.

On an adjusted basis, the earnings were $212.7 million or $7.46 per share, up from $11.4 million or $0.40 earnings per share in the previous year. 27 analysts polled by Thomson Reuters estimated the earning to be $6.49. Analyst's estimates usually exclude the special items.

The company also reported increased revenue of $1.9 billion, from $1.3 billion last year. Analysts forecasted the revenue to be $1.88 billion.

On Wednesday, the company announced that it will be serving burritos on gold foils to celebrate the American participants in the Tokyo Olympics.

Currently, the shares of the company are trading hands at $1,725.95, up $151.60 or 9.63% since their previous close at $1,574.35. The Shares opened at $1656.84 in the morning and in the 52-week period, the shares have ranged between $1,094.93 and $1,732.00.

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