Chipotle (CMG) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y

Chipotle Mexican Grill, Inc. (CMG) released first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis.During the quarter, the company reported benefits from enhanced throughput and effective marketing initiatives like Braised Beef Barbacoa and Chicken Al Pastor, leading to strong sales and transaction growth.Following the earnings release, the company’s shares rose 3.2% during the after-hours trading session o ...