Chipotle Earnings Highlight Strong Business Momentum
By the looks of the Street's response to Chipotle Mexican Grill's (NYSE: CMG) fourth-quarter update, the company seems to have announced lackluster results for the period. Shares of the fast-casual burrito chain fell about 3.5% on Wednesday, following its quarterly update.
But an examination of Chipotle's fourth-quarter results reveals more strong momentum for the company, with comparable restaurant sales growth accelerating for the eighth quarter in a row. Chipotle's investments in digital efforts, operational efficiency, and menu innovation continued to pay off as the company wrapped up a year of 15% revenue growth and a 55% increase in adjusted earnings per share.
Here's a closer look at some of the key takeaways from the quarter.
Source Fool.com
