Cramer praises companies like Chipotle that can grow despite a slowing economy and inflation [CNBC]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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ir.chipotle.com
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Source: CNBC
in this market In other words, they find ways to grow and perform well despite what might be happening in the broader economy. He pointed specifically to Chipotle Mexican Grill , saying the company can succeed even as the economy starts to slow and inflation remains high. “When we're looking for reasons to buy a stock in this environment, we want companies that generate constant self-help. Chipotle does it by improving throughput — how many people that they can serve, say, every fifteen minutes,” he said. “It just keeps getting better and better and that's got nothing to do with GDP or inflation woes.” The fast food chain reported quarterly earnings Wednesday evening and greatly exceeded Wall Street's expectations. Chipotle said its traffic increased and sales grew even though it raised prices. By Thursday's close, the company's shares were up more than 6%. Cramer added that the burrito maker's success may also be due to demand — the company has what consumers want, he said. T
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form PX14A6G
- 4/29/24 - Form 4
- CMG's page on the SEC website