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Spicing Up the Market: Chipotle's Earnings Beat Heats Up Restaurant Stocks
CAVACAVA (CAVA) Zacks Investment Research·2024-04-25 17:05

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 ...