3 Catalysts for Chipotle in 2020
Chipotle Mexican Grill (NYSE: CMG) finished out 2019 with a bang. The company's fourth quarter featured 17.6% year-over-year growth in revenue as comparable restaurant sales increased at a double-digit rate and digital sales continued to soar. The fast-casual burrito chain's revenue and adjusted earnings per share both beat analysts' consensus estimates for the two metrics and management provided an optimistic outlook for comparable restaurant sales growth in 2020.
2020 does, indeed, look as if it could be a great year for the company. Not only will Chipotle's investment areas from 2019, such as mobile order pick-up shelves, an overhauled loyalty program, and a nationwide rollout of second make lines for digital orders continue to pay dividends this year, but the company has some more nascent initiatives that could contribute to 2020 as well.
Here's a look at three catalysts Chipotle has going for it, helping explain why investors are so excited about this growth stock.
Source Fool.com
