UPDATE 3-Chipotle beats profit, revenue estimates as online sales surge [Reuters]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
ir.chipotle.com
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Source: Reuters
Chipotle beats profit, revenue estimates as online sales surge - Reuters 3 Min Read (Reuters) - Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain’s marketing efforts and aggressive investments in online ordering and deliveries attracted more customers. Shares of the company were up 1 percent to $717 in extended trading. They have more than doubled in value in the past year, rising about 63 percent since the beginning of 2019. The company has rolled out ad campaigns that showcased the fresh ingredients in its tacos and burritos and launched a loyalty program in March as Chief Executive Officer Brian Niccol rebuilds the company’s image after a series of food-safety lapses. “Customer engagement and visits are increasing as a result of compelling marketing message, more convenient access, including delivery and strong operations,” Niccol said on a post-earnings call. The company’s rewards program has signed up 3 mi
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News
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- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at Evercore ISI from $2,900.00 to $3,200.00. They now have an "outperform" rating on the stock.MarketBeat
- Meet the Stock-Split Stock Making Wall Street History, Plus the Nasdaq Stock That Could Split Next [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 4/8/24 - Form PRE
- 3/22/24 - Form 4
- 3/20/24 - Form 144
- CMG's page on the SEC website