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Stock impact report

Chipotle expects delivery business to stay strong [Seeking Alpha]

Chipotle Mexican Grill, Inc. (CMG) 
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
Company Research Source: Seeking Alpha
ConsumerChipotle expects delivery business to stay strongApr. 21, 2020 8:21 PM ET|Chipotle Mexican Grill, Inc. (CMG)Clark SchultzChipotle (NYSE:A recent survey of current Chipotle consumers indicated that about 15% had Chipotle delivered for the first time during the last 2 weeks of March."We believe this will have a lasting benefit well beyond the current crisis and are pleased to report that we have maintained strong momentum into April with the month-to-date digital mix running in the high 60s," noted CEO Brian Niccol.Niccol said Chipotle saw a 14.4% jump in comparables sales for the first two months of 2020 (lapping a 9.9% comp from a year ago) before the pandemic hit the U.S., showing the chain was already gaining market share.On a question about delivering for itself, Niccol indicated that using delivery partners is working for the company at the moment.Chipotle earnings call transcriptPreviously:Chipotle +6% after earnings topperClick to subscribe to real-time analytics on CMG Show less Read more
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