Chipotle Mexican Grill (CMG)
(Delayed Data from NYSE)
$53.71 USD
+0.26 (0.49%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $53.66 -0.05 (-0.09%) 7:58 PM ET
3-Hold of 5 3
F Value A Growth D Momentum C VGM
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$53.71 USD
+0.26 (0.49%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $53.66 -0.05 (-0.09%) 7:58 PM ET
3-Hold of 5 3
F Value A Growth D Momentum C VGM
Zacks News
A Delaware corporation, Chipotle Mexican Grill, together with its subsidiaries operates quick-casual and fresh Mexican food restaurant chains. The company was founded in 1993 by Steve Ells who started with a single restaurant in Denver, CO. The company offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. Chipotle restaurants feature free-range, hormone-free pork, natural chicken and other meat products cooked through traditional methods and served in a unique atmosphere. Chipotle classifies its restaurants as end-caps (at the end of a line of retail chains), in-lines (in a line of retail chains), free-standing units and others.
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Chipotle's (CMG) first-quarter performance benefits from enhanced throughput and marketing initiatives. Also, strong comparable restaurant sales growth and new restaurant openings bode well.
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The headline numbers for Chipotle (CMG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Chipotle (CMG) delivered earnings and revenue surprises of 14.96% and 1.01%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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