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Customers view a menu at the Chipotle Mexican Grill on June 09, 2021, in Houston, Texas. ... restaurant level margins recovery and sustainability of unit growth) missed expectations but offered ...
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.
A lot of that growth was driven by its digital sales, which surged 174% and accounted for 46% of its total revenue. Its comps climbed 19% in 2021, 8% in 2022, and 8% in 2023.
Four growth pillars for Chipotle, based on analyst commentary and Q2 results. (Graphic created by Yahoo Finance) During Q2, digital sales made up 38% of Chipotle's total food and beverage revenue.
Chipotle posted a restaurant-level operating margin of 25.5% last quarter, down from 26.3% a year ago. Overall, Chipotle posted a mixed third quarter print after a string of winning quarters.
Chipotle CFO Jack Hartung joins Yahoo Finance Live to discuss the company’s most recent quarterly report, which missed on earnings and comparable sales estimates but showed impressive growth in ...
Chipotle revealed the price increase after an analyst report released earlier this week by investment bank Truist Securities noted a 2% price increase at approximately 20% of the chain’s 3,500 U ...
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%.