Chipotle Mexican Grill beat earnings estimates, but disappointed Wall Street with one key growth metric.
Comparable restaurant sales increased 4.3 percent, falling short of estimates. Menu price increases made up the bulk of this at 4 percent while traffic dragged this number down 0.3 percent. Price mix made up the remainder of the growth.
The fast casual chain was forecast to report same store sales growth of 5.8 percent, according to Consensus Metrix.
So far in July, both sales and transactions at Chipotle are positive in the low single digits, according to the company's conference call.