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This year, Chipotle plans to open between 285 and 315 new restaurants. That equates to high-single-digit percentage growth. The company should be able to keep up that pace over the next five years.
So when Chipotle's third-quarter same-store sales growth fell to "just" 6%, investors were disappointed. For comparison, McDonald's same-store sales in the third quarter dropped 1.5%.
In the past month, shares of Chipotle are down nearly 8% as it closed at $1,781.48 on Friday. In the last five years, its shares are up more than 300%. Tower, who has a buy rating, recently ...
Cava also won with same-restaurant sales growth (comps) of 18.1% compared to Chipotle's comps of 6%. It is worth noting that Cava's comps growth benefited from a 12.9% increase in guest traffic ...
Chipotle posted same-store sales growth of 6%, which contributed to revenue's 13% rise to $2.79 billion, though that fell short of the analyst consensus at $2.82 billion.
After more than 20 years of incredible growth, Chipotle stock has become seemingly out of reach for many people -- particularly its employees, who might be hard-pressed to afford its $3,155 price tag.
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In Q3, Chipotle's business was booming. Same-store sales jumped by 6% year over year, helped by transaction growth of 3%. Coupled with opening new locations, overall revenue was up 13% to $2.8 ...