Why Chipotle Stock Fell This Week
Shares of Chipotle Mexican Grill (NYSE: CMG) were down 10.3% through Thursday's market close, according to data provided by S&P Global Market Intelligence. The company reported mixed financial figures earlier this week. While earnings beat analyts' expectations, revenue fell just short of the consensus estimate.
From a long-term investor's perspective, the business is still performing well. Revenue grew 13.6% year over year, supported by a solid increase of 7.4% in comparable-restaurant sales (comps). This is consistent with the company's previous 10-year annualized revenue growth of 12%.
Most importantly, Chipotle continues to have top-notch margins. Its restaurant-level operating margin improved 2.3 percentage points, which helped fuel a robust 33% year-over-year increase in earnings per share.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
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