Thursday, February 7, 2019

Chipotle shares jump after company crushes earnings estimates, as pace of turnaround accelerates

Chipotle on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to increasing foot traffic and menu price increases.

“I’m very pleased to report strong fourth quarter results with 6.1 percent comparable restaurant sales growth that included 2 percent transaction growth,” CEO Brian Niccol said in a statement.. . . more