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In a much-needed bit of good news for Chipotle&mdash;and news that may bode well for the prospects of the entire foodservice segment&mdash;the&nbsp;fast-casual brand is reporting positive financial results for the first quarter of 2018.

Chipotle has been beset by a seemingly endless procession of setbacks in recent years, including multiple nation-wide contamination crises, but according to a <a href="https://www.fastcasual.com/news/chipotle-posts-positive-q1-earnings-full-year-outlook/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-casual-chipotle-posts-positive-q1-earnings-full-year-outlook-2706373" target="_blank" rel="nofollow" target="_blank">recent article on fastcasual.com</a>, things might finally be looking up for the brand, which reported its first quarter of same-store growth in more than a year.

The full financial results for Q1 showed total revenue increased by 7.4 percent, to $1.1 billion, while comparable restaurant sales increased by 2.2 percent. Restaurant-level operating margins also increased by 19.5 percent and net income increased by more than $13 million.

In 2018, management expects to see continued growth, including single-digit same-store growth and 130 to 150 new restaurant openings.

&ldquo;While the company made notable progress during the quarter, I firmly believe we can accelerate that progress in the future,&rdquo; said Chipotle CEO Brian Niccol in a statement regarding the earnings report. &ldquo;We are in the process of forming a path to greater performance in sales, transactions, margins and new restaurants.&rdquo;

Read the <a href="https://www.fastcasual.com/news/chipotle-posts-positive-q1-earnings-full-year-outlook/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-casual-chipotle-posts-positive-q1-earnings-full-year-outlook-2706373" target="_blank" rel="nofollow" target="_blank">full article at fastcasual.com</a>.

Image courtesy of <a href="https://www.instagram.com/chipotle/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-casual-chipotle-posts-positive-q1-earnings-full-year-outlook-2706373" target="_blank" rel="nofollow" target="_blank">Chipotle&rsquo;s Instagram page</a>.

Chipotle Posts Positive Q1 Earnings, Full-Year Outlook

Fast Casual: Chipotle Posts Positive Q1 Earnings, Full-Year Outlook

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The burrito brand is boasting increased revenue and year-over-year same-store sales for the first quarter of 2018

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Fast Casual: Chipotle Posts Positive Q1 Earnings, Full-Year Outlook

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