Chipotle seen riding demand boom in Q2, with eyes on price hikes, innovation

Chipotle seen riding demand boom in Q2, with eyes on price hikes, innovation

Chipotle (CMG) on Tuesday posted a second-quarter earnings report that smashed Wall Street expectations, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales.

Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate:

  • Revenue: $1.9B vs. $1.88 billion expected

  • Adj. earnings per share (EPS): $7.46 vs. $6.54 per share expected

  • Same-store sales: 31.2% vs. 29.8%…


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