Chipotle earnings and revenue top estimates, restaurant traffic rises again
Publishing timestamp: 2024-07-24 17:53:40
Summary
Chipotle Mexican Grill reported strong second quarter results, beating Wall Street's estimates for earnings and revenue. The company saw an increase in restaurant traffic and same-store sales growth. Despite some concerns about portion sizes, Chipotle's profits rose due to price hikes and increased demand for its food. The company also reiterated its full-year outlook and plans to open new restaurants.
Sentiment: POSITIVE
Keywords: business, chipotle mexican grill inc, breaking news: business, brian niccol, dividends, business news, markets, mcdonald's corp, restaurants, breaking news: markets, breaking news: earnings, retail industry, earnings, pepsico inc.,
Source: https://www.cnbc.com/2024/07/24/chipotle-mexican-grill-cmg-q2-2024-earnings.html