Where Will Chipotle Be in 5 Years?
While the entire restaurant industry is suffering in 2020, Chipotle (NYSE: CMG) has seen tremendous growth in its business, with the stock up around 60% in the past 12 months. The market has rewarded the fast-casual Mexican chain because it is growing revenue and profits amid the difficult COVID-19 environment. Not many of its competitors can say the same. With all the moves the company is making, here's why investors should expect Chipotle to become a much larger business five years from now.
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Same-store sales, the top metric owners use to evaluate location performance, were down 12.3% in August for chain restaurants in the United States. Chipotle's same-store sales were up 8.3% last quarter (July, August, and September), and executives actually said that August was the high point for growth during the period.
Source Fool.com
