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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.
For example, during the week ending July 16, foot traffic jumped 12.3% compared to a year ago, but in the last week of September, that increase was 3.9%. Though Chipotle trades at a premium ...
The problem is that investors can't expect Chipotle to achieve 11.1% same-store sales forever. In fact, even 5.6% would be a pretty high bar to achieve for an extended period of time.
Per Bloomberg consensus estimates, Chipotle is expected to end 2024 with $11.3 billion in revenue and adjusted earnings per share of $1.10, compared to $0.90 in fiscal 2023 and $0.18 in 2018.
In the second quarter of 2024, Chipotle's same-store sales rose 11.1%, which is a huge number. For comparison, McDonald's ... But 11.1% same-store sales growth isn't sustainable. So when Chipotle ...
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For Chipotle's Q1, revenue grew 14.1% to $2.7 billion, with same-store sales jumping by 7%. The company also beat expectations on the bottom line, with adjusted earnings per share coming in at $13 ...