Chipotle earnings and revenue top estimates, restaurant traffic rises again

Category: Business

Chipotle Mexican Grill reported second-quarter earnings of $455.7 million, exceeding analysts' expectations, with a same-store sales increase of 11.1%. Despite a 17% stock decline this month, shares rose 13% in extended trading. The company attributes profit growth to price hikes and increased traffic, with plans to open 285 to 315 new locations this year.

Keywords: Chipotle, earnings report, restaurant industry

Source: CNBC

Update At: 7/25/2024

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