Chipotle Mexican Grill (CMG) roared to life in extended hours after outdoing second quarter estimates. The burrito bowl chain posted $3.0 billion in revenue ...
. The burrito bowl chain posted $3.0 billion in revenue and adjusted earnings of $0.34 per share, with sales rising 11%. The stock has since calmed down in after-hours trading but maintains gains.
Uh We've seen a lot of weakness industry wide and we've seen a bit of what you could call a value war, particularly with fast food restaurants.So sales of $2.95 billion clocked in pretty well in line with our estimate, comparable store sales growth of 11% uh was split between 2.4% price mix.So that's really wild when you juxtapose that with a 2.3% decline for the fast food industry over the past quarter.
I I think the way to look at it from a from a financial materiality perspective would be to the extent that this is something that's actually happening.So if a consumer visits every two or three months, you wouldn't really see it until the second or third where they'd stop coming.But I would look at that as more of a tail risk, I think for Chipotle kind of the bigger risk factors now uh are as you look at that value gap widening again, they're really not leaning into discounting.
If anything, I think site availability might get a little bit better with some of their peers pulling back on development appetite here in the near term.While we, while we have you Sean, Jack Kung, the CFO recently announced he's going to be stepping down, although he's hanging around for another few quarters, any sort of material risk uh with that, with that transition that you expect.
LUBBOCK, Texas — USA Softball Collegiate Player of the Year NiJaree Canady will be pitching for Texas Tech after two seasons at Stanford.Mike Trout leaving rehab assignment, returning to Southern California to be re-evaluated
Burrito Bowl Sean Dunlop Earnings Results
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chipotle's 50-for-1 stock split takes effect: Key takeawaysChipotle Mexican Grill's (CMG) highly anticipated 50-for-1 stock split has officially taken effect Wednesday, marking a historic moment for the popular fast-...
Read more »
Chipotle's stock jumps on earnings beatChipotle Mexican Grill (CMG) posted second quarter results that topped analyst estimates on both the top and bottom lines. Adjusted earnings of $0.34 per...
Read more »
Chipotle stock ticks lower as CFO plans retirementChipotle Mexican Grill's stock (CMG) continues to face downward pressure in Wednesday's trading session, as investors digest the news that long-time Chief...
Read more »
Chiptole earnings, PMI data, Fedspeak: What to watch WednesdayAsking for a Trend Host Josh Lipton breaks down what to watch on Wednesday, July 24th. IBM (IBM), Chipotle Mexican Grill (CMG), AT&T (T), Ford Motor (F), GE ...
Read more »
Chipotle's 50-for-1 stock split: How retail investors feelChipotle (CMG) executed a 50-for-1 stock split on Wednesday morning, increasing the number of shares but keeping the total dollar value of shares the same...
Read more »
The S&P 500 and Nvidia, Chipotle stock split: Morning BriefIt's the middle of the week, but stocks aren't slowing down. The Morning Brief keeps investors informed on the latest market (^DJI, ^IXIC, ^GSPC) movements...
Read more »