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Chipotle Earnings Growth Accelerates; Burrito Giant Eyes Buy Points
CMGChipotle Mexican Grill(CMG) Investors Business Daily·2024-04-25 00:00

Chipotle Mexican Grill (CMG) reported stronger-than-expected first-quarter earnings. CMG stock rose modestly overnight, signaling an early entry and near an official buy point.X Chipotle earnings jumped 27% to $13.37 a share. That easily topped FactSet consensus of $11.81 a share. That's the second straight quarter of accelerating growth. Sales grew nearly 14% to $2.684 billion, slightly beating views.Same-restaurant sales rose 7%. Operating margin picked up to 16.3% from 15.5%, with restaurant operating ma ...