Restaurant check: Chipotle soars after restaurant margins improve; peers gain (NYSE:CMG)

Category: Business

Chipotle Mexican Grill reported an 18.3% increase in total revenue, driven by strong same-store transaction growth and digital sales representing 35.3% of total revenue. Operating income rose to 19.7% of sales, exceeding expectations. The company opened 52 new restaurants and anticipates further growth in comparable restaurant sales and new openings for the year.

Keywords: Chipotle, earnings report, restaurant growth

Source: Seeking Alpha

Update At: 7/25/2024

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