Chipotle Has the (Pricing) Power!
Chipotle Mexican Grill (NYSE: CMG) had a good year in 2021, and it expects 2022 to be even better. There are two stories here that investors need to get their heads around. One is company specific; the other is tied to the broader economy. Assuming things continue as they have been, both are positive. Here are some key things you need to think about with regard to this restaurant chain.
Chipotle ended 2021 with a fourth-quarter sales advance of 22%, which is a pretty attractive number -- only for the full year, sales were even higher, up 26.1%. What's really exciting is that these top-line figures aren't coming off of a weak 2020, the year the pandemic hit. In fact, sales rose 11.6% in the final stanza of 2020 and were up 7.1% for that year. So 2021 was really a continuation of a strong trend.
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Source Fool.com
