Chipotle earnings crush estimates as restaurant traffic grows 7.4%
Publishing timestamp: 2024-02-06 18:07:37
Summary
Chipotle reported earnings and revenue that exceeded analysts' expectations. The company saw an increase in foot traffic and same-store sales, bucking the industry-wide trend of declining visits. Chipotle attributed its strong performance to factors such as the return of carne asada, menu price increases, and improvements in restaurant productivity. The company also announced plans for future growth, including the opening of new locations and the testing of robots in its restaurants.
Sentiment: POSITIVE
Keywords: restaurants, breaking news: markets, starbucks corp, mcdonald's corp, retail industry, markets, breaking news: earnings, earnings, chipotle mexican grill inc, business news, breaking news: business, business,
Source: https://www.cnbc.com/2024/02/06/chipotle-mexican-grill-cmg-q4-2023-earnings.html