Spicing Up the Market: Chipotle's Earnings Beat Heats Up Restaurant Stocks
Chipotle Mexican Grill (CMG) reported earnings Wednesday after the market close and did not disappoint shareholders.Chipotle had another stellar quarter of business activity, growing revenues 14.1% YoY, increasing margins, and opening 47 new restaurants with 43 including a Chipotlane, a drive through option.Chipotle Mexican Grill is an innovator in the restaurant space, commercializing the fast-casual concept and leading the way for the industry. Shareholders have benefitted tremendously from Chipotle’s su ...