Friday, July 27, 2018

Chipotle’s Turnaround Gains Momentum as CEO Plots New Course

Bloomberg
Chipotle Mexican Grill Inc. is demonstrating that its recent momentum may be more than a blip.

The restaurant chain posted same-store sales that beat estimates in the second quarter, as new Chief Executive Officer Brian Niccol starts to apply the lessons he learned at his former employer, Taco Bell. Chipotle also said margins improved at its restaurants and boosted the high end of its comparable sales forecast for the year.. . . more