Can Chipotle Stock Survive Another Market Crash?
Chipotle Mexican Grill (NYSE: CMG) has been one of the few winners during the coronavirus pandemic. Its stock has soared 153% since bottoming on March 18, resulting in a 37% gain year to date. The S&P 500, on the other hand, is up just 2% this year.
While no one welcomes volatility, there are some important factors to keep in mind if another market crash happens. Chipotle investors need not worry, as the company is poised to do well in any environment.
Chipotle's success during the pandemic was boosted by digital sales. In the most recent quarter (Q2 2020), digital sales more than tripled from the prior-year period, reaching a quarterly record of $829 million.
Source Fool.com
