Is Chipotle Stock A Buy After Showing It Can Beat Inflation?
Consumer goods companies are in the spotlight this earnings season because of inflation and tightening consumer budgets. Investors have already started seeing the ramifications of these negative economic factors, even from large consumer staples like Walmart (NYSE: WMT), which announced lowered expectations for growth and profitability.
However, Chipotle Mexican Grill (NYSE: CMG) just defied the odds. Despite inflation running rampant and consumers cutting discretionary spending, Chipotle continued to deliver healthy top-line growth and profitability in its second quarter -- which it reported on Tuesday -- driven by a big competitive advantage. While other companies are getting burned, Chipotle is serving up great results for investors. Here's why you might want to be interested in what Chipotle is cooking up.
Source Fool.com
