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Why Chipotle Mexican Grill Is Soaring Today

TheMotleyFool

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Why Chipotle Mexican Grill Is Soaring TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Shares of Chipotle Mexican Grill (NYSE: CMG) were running 10% higher in morning trading Wednesday after the Mexican-food restaurant reported second-quarter earnings yesterday that beat analyst expectations on both the top and bottom line.

While Chipotle was going up against easy comparables from the year-ago period when its restaurants had to rely solely upon takeout and delivery for a portion of the quarter, the performance was still notable because it reflects a new dynamic at the eatery.

Image source: Chipotle Mexican Grill.

Source Fool.com

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