Retail News

Chipotle impresses Wall Street with a strong Q4

CNBC 02/06/2019

Any quarterly reports from Chipotle that don’t include the words “food poisoning” are probably cause for celebration at the chain’s headquarters, but the company’s latest report was particularly sunny. The Mexican-themed restaurant chain handily beat analysts expectations in its fourth fiscal quarter with earnings per share of $1.72 vs. the estimated $1.37 and same-store sales growth of 6.1 percent vs. 4.49 percent expected. CEO Brian Niccol also told analysts that the chain is seeing good results from its new “Chipotlanes” drive-thrus and plans to roll them out to more stores with hopes of increasing both digital and general sales.

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