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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 seeing growth "across all income cohorts" as the company's value proposition is resonating with diners. ... It expects to open 285 to 315 new locations this year and 315 to 345 in 2025 ...
After the abrupt departure of its CEO, now is an ideal time to review Chipotle's stock. ... Driving this growth were 294 net-new company-owned locations since Q3 2023, bringing the total to 3,615 ...
If you apply between P/E multiples of 40 to 60 to my 2030 projected earnings for Chipotle, that gets a forecast stock price of between $130 and $195, with a midpoint of $162.50.
Chipotle has raised its menu ... The move comes after Chipotle missed market expectations for same-store sales growth in an ... were 1.9% higher in October 2024 than October 2023 and are predicted ...
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%.
During Q2, digital sales made up 38% of Chipotle's total food and beverage revenue. Of the 47 new restaurants it opened, 40 locations included a Chipotlane.
The chain saw a 5.4% increase in foot traffic, though the average check was only up 1.6%, lower than the 2% Wall Street expected. For 2024, Chipotle expects sales growth of mid- to high-single ...