Chipotle: Growth Beyond The Split, But Valuation On Focus, Hold
Chipotle Mexican Grill(CMG) Seeking Alpha·2024-06-30 13:29
andresr/E+ via Getty Images Investment Thesis Chipotle Mexican Grill (NYSE:CMG) is a fast casual restaurant chain, that continues to experience growth. They reported strong earnings in the first quarter of 2024, exceeding consensus expectations. Revenue grew 14.1% to 2.70B, operating margin kept increasing to 16.3% and same-store sales rose 7%. The company is optimistic about the future, projecting continued growth throughout the year. SeekingAlpha After carefully looking into the company, I find tha ...