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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.
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.
CMG PE Ratio (Forward 1y) data by YCharts. 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 ...
Cava also won with same-restaurant sales growth (comps) of 18.1% compared to Chipotle's comps of 6%. It is worth noting that Cava's comps growth benefited from a 12.9% increase in guest traffic ...
In the past month, shares of Chipotle are down nearly 8% as it closed at $1,781.48 on Friday. In the last five years, its shares are up more than 300%. Tower, who has a buy rating, recently ...
Chipotle Mexican Grill, Inc. (/ tʃ ɪ ˈ p oʊ t l eɪ /, chih-POAT-lay), [3] often known simply as Chipotle, is an American multinational chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. [4] [5] [6] As of June 30, 2024, Chipotle has 3,500 restaurants. [7]
In Q3, Chipotle's business was booming. Same-store sales jumped by 6% year over year, helped by transaction growth of 3%. Coupled with opening new locations, overall revenue was up 13% to $2.8 ...
Many investors are thinking about the stock split but others know that this is an impressive profitable growth story. Here's Why Chipotle Mexican Grill Stock Jumped 37% in the First Half of 2024 ...