Chipotle raises full-year comparable sales guidance after strong Q2
Revenue grew 9.3% to $3.3 billion, comparable sales up 2.2%, and the company opened 100 new restaurants.
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Fast casual Mexican-inspired restaurant chain
chipotle.comLast updated
In short: Chipotle reported record sales days and strong revenue growth while navigating expansion into Mexico and addressing customer concerns.
Revenue grew 9.3% to $3.3 billion, comparable sales up 2.2%, and the company opened 100 new restaurants.
The restaurant opens July 16 in partnership with Alsea, with plans for Mexico City in 2027.
The investments, via its Cultivate Next fund, focus on agriculture, sustainability, supply chain, and restaurant tech.
Launched one-day digital offer for free Chips & Guac or Queso Blanco. Set highest-ever sales, catering day, and second-highest overall sales day.
Learn more Chipotle Mexican Grill (CMG) has an average rating of overweight and mean price target of $43.98, according to analysts polled by FactSet.
Stock market movers today: Microsoft, Chipotle and Starbucks surge on earnings, while Meta, Qualcomm and Teladoc slide.
Chipotle Mexican Grill Inc. (NYSE:CMG) stock rose in premarket trading Thursday after the restaurant...
Detailed price information for Chipotle Mexican Grill (CMG-N) from The Globe and Mail including charting and trades.
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