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Chipotle Earnings: Another Rough Quarter

TheMotleyFool 
0 0 23.07.25
Chipotle Earnings: Another Rough QuarterPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png
 

Here's our initial take on 's (NYSE: CMG) financial report.

Chipotle managed to eke out 3% revenue growth in the second quarter, below analyst expectations, only because it opened 61 new company-owned restaurants. Comparable-restaurant sales dropped 4%, compared to 11% growth in the same period last year, driven by a 4.9% decline in transactions.

Profitability also suffered. Adjusted earnings per share was down slightly, while operating margin contracted by 1.5 percentage points to 18.2%. The negative impacts of lower sales volumes and cost inflation for some ingredients were partially offset by menu price increases.

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Source Fool.com

Chipotle Mexican Grill Inc. Stock

€29.65
2.950%
There is an upward development for Chipotle Mexican Grill Inc. compared to yesterday, with an increase of €0.85 (2.950%).
With 61 Buy predictions and not a single Sell prediction Chipotle Mexican Grill Inc. is an absolute favorite of our community.
As a result the target price of 39 € shows a positive potential of 31.53% compared to the current price of 29.65 € for Chipotle Mexican Grill Inc..
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