Chipotle Mexican Grill, Inc.: Solid Q2 Results Show Investor Fears Are Misplaced

Chipotle Mexican Grill, Inc.: Solid Q2 Results Show Investor Fears Are Misplaced

Last quarter, Chipotle Mexican Grill (NYSE: CMG) continued its slow but steady comeback following its late 2015 food safety crisis. The company reported that comp sales growth remained solid in the second quarter (albeit not as strong as the 17.8% surge recorded in Q1). As a result, earnings per share soared 167% year over year, surpassing analysts' expectations.

However, Chipotle stock has plunged more than 30% since hitting a 52-week high in May. The decline was initially set off by worries that Chipotle wasn't recovering as fast as hoped, but the stock really cratered in July due to new food safety scares.

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Source: Fool.com