3 Things You'll Want to Know When Chipotle Announces Earnings
Chipotle (NYSE: CMG) is one of many restaurants that was negatively affected by the coronavirus pandemic. The company had to temporarily close some of its locations and dining areas and swiftly alter operations. It made investments to increase its digital ordering and delivery capabilities so it could continue to serve customers.
Those initiatives are paying off as digital sales increased 216% in the second quarter, making up over 60% of the top line. Chipotle is reporting its third-quarter results on Oct. 21. Here are three critical updates to keep an eye on when the company releases its report.
Digital orders are exploding for Chipotle. Image source: Getty images.
Source Fool.com
