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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.
Chipotle is expanding faster than those fast-food giants, but it could struggle to maintain its premium valuation if its growth cools off. Chipotle is consistently buying back its own shares, but ...
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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During the three-month period that ended June 30, Chipotle posted 18.2% year-over-year sales growth. The $3 billion in revenue was 129% higher than five years before in Q2 2019.
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 ...