Tag Archives: Chipotle

[unable to retrieve full-text content]Nvidia looks for rebound, Chipotle stock split  Yahoo Finance Source link

[unable to retrieve full-text content]Chipotle blows by earnings estimates as resilient foot traffic, margin expansion boost Q1 results  Yahoo Finance Source link

Chipotle (CMG) is out with a new campaign to hire 15,000 full-time and part-time employees ahead of its busiest time of the year, the months of March to May, or what it calls “burrito season.” These hires will be kept on for “ongoing employment” beyond the busy season, a Chipotle spokesperson confirmed. The hiring campaign, dubbed “pull back the foil,” features six employees across the U.S. that rose in the ranks from a crew member to managerial roles. In the release, Chief Restaurant Officer… Source link

Chipotle (CMG) has no plans to start offering McDonald’s-like value meals to entice lower-income consumers back to its restaurants after implementing a series of inflation-driven price hikes this year. “We don’t think Chipotle is the brand where somebody is looking for a dollar menu or bundle meal,” Chipotle CFO Jack Hartung said on Yahoo Finance Live (video above). “They look for customization. Most customers get the same exact entree every single time, and that’s what they crave.” Chipotle… Source link

Alphabet (GOOGL): Shares of Google’s parent company fell in extended trading after the company missed Wall Street estimates on the top and bottom lines. Sales for the quarter was $69.09 billion, up 6% from a year ago. Earnings were $1.06 a share. YouTube advertising revenue fell from the previous quarter to $7.1 billion, below analyst expectations for $7.4 billion. Morningstar Senior Equity Analyst Ali Mogharabi told Yahoo Finance the results were ‘disappointing’ and reflected the… Source link

Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates: Revenue: $2.2 billion versus $2.24 billion expected Adj. earnings per share (EPS): $9.51 versus $9.23 expected Same-store sales: 7.6% versus 7.38% expected The third quarter that ended on September 30, 2022, proved that customers are… Source link

Chipotle said it’s maxed out the total number of followers it can have on the latest app gaining popularity, BeReal. “That’s something that has just really taken off lately, my understanding is we’ve maxed out all our followers,” on the social media app, CEO Brian Niccol said at the Yahoo Finance All Markets Summit.”We have to continue to figure out how we evolve that platform.” Yahoo Finance reached out to BeReal for comment, but the company was not able to provide clarity about just how many… Source link

Chipotle (CMG) on Tuesday posted fourth-quarter earnings report that mostly beat market expectations, with growth driven by a digital boom accounting for nearly 42% of sales, sending its stock on a tear in after-hours trading. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Shares of Chipotle, which were down nearly 3 percent compared to a year ago, spiked by over 7% in post-market trading after the… Source link

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%… Source link

Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst. Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800. “We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in… Source link