Chipotle restaurant sales beat Street, CEO cites 'recovery story' [Reuters]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Reuters
Chipotle restaurant sales beat Street, CEO cites 'recovery story' | Reuters 4 Min Read LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc ( CMG.N ) on Wednesday reported sales at established restaurants and profit for the first quarter that beat expectations, and new Chief Executive Brian Niccol told investors that the beleaguered burrito chain has begun its turnaround. Chipotle shares jumped 10.5 percent in after-hours trading. Chipotle is “clearly a recovery story in the U.S.,” Niccol said in his first conference call with analysts and investors, after taking over as CEO on March 5. Wall Street is hungry to learn details of Niccol’s strategy for putting Chipotle’s sales slump from food safety lapses behind it and adding flair to a menu that has grown tired. Niccol, the former chief of Yum Brands Inc’s ( YUM.N ) Taco Bell, is known for launching hot new menu items, such as $1 Nacho Fries shortly before he made the leap to Chipotle. Sales at Chipotle restaurants open a least 13 mo
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- CMG's page on the SEC website