UPDATE 1-Chipotle Mexican Grill raises full-year sales forecast on resilient burrito demand [Yahoo! Finance]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Yahoo! Finance
April 24 (Reuters) - Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, betting on resilient demand for its burritos and rice bowls from its relatively wealthier clientele despite higher menu prices. Shares of the California-based company were up 3.1% in extended trading. Its shares breached $3,000 mark for the first time after it approved a 50-for-1 stock split last month. Chipotle has seen an increase in foot traffic at its stores thanks in part to its higher-income customer base that is relatively less impacted in the face of sticky inflation. Data from Placer.ai showed that monthly visits to Chipotle during the months of January, February and March had outpaced the wider fast-casual segment. In the first quarter, Chipotle saw visits increase by 10% year-over-year, ahead of the 4.1% growth seen by the fast-casual segment. The company expects comparable restaurant sales growth of mid-to-high-single digit percentage for 2024, compared with its previous
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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