Chipotle Rides Digital Orders to Another Huge Quarter
Chipotle Mexican Grill (NYSE: CMG) reported second-quarter results on July 23, and there was a lot for investors to like. The fast-casual eatery continued to deliver big gains in sales and earnings, with its operating results delivering the kinds of profitability investors haven't seen in several years.
The biggest driver behind the company's recent success? Making it easier and faster for customers to order and then get their hands on their burrito or bowl fix. Chipotle's sales were up 13% to $1.4 billion, with digital sales nearly doubling. This big boost increased transactions at existing Chipotle restaurants 7% higher, with total comps -- sales at restaurants open more than one year -- up 10% in the quarter.
Image source: Chipotle.
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