Company News

BUZZ-Chipotle Mexican Grill: Expects fewer restaurant customers through July

** Burrito chain’s shares fall 5 pct at $289 in extended trading

** Co says number of visitors to its restaurants fell in latest quarter and would continue to decline through the middle of year

** Shares initially rose in extended trading after co posts slightly better-than-expected rise in Q4 sales at established restaurants, boosted by menu price increases, as it works to regain customer trust after food safety lapses in 2015

** Chipotle says lower tax rate would result in savings of $40 to $50 million in 2018. It plans to invest more than one-third of those savings in employee benefits

** Stock up 5.3 pct in 2018 (Reporting by Vibhuti Sharma in Bengaluru)