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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 ...
And even though a same-store-sales growth rate of around 5% would be good, a return to that level from the current 11.1% rate would represent a roughly 50% decline in the same store sales trend.
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%.
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.
Automating the kitchen will be crucial to Chipotle's expansion and goal of hitting 7,000 total locations from its current 3,600 stores. "[The] third phase of growth for Chipotle [is to] continue ...
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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 ...