Chipotle Mexican Grill Stock News
$34.43
2.74%
NYSE, Nov 06, 04:22 pm EST.
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Chipotle Mexican Grill Stock News
Today's tip to get better at work: Get better at showing you have leadership potential. Chipotle's chief operating officer, Jason Kidd, said he looks to promote workers who solve problems.
Chipotle shares surged after the burrito-and-bowl chain reported improving sales and revealed roughly 3% menu price hikes in the fourth quarter amid rising beef, freight and labor costs.
Oct 29 (Reuters) - Chipotle Mexican Grill (CMG.
The company's third-quarter revenue rose 9.6% to $3.29 billion, primarily driven by new restaurant openings and an increase in comparable restaurant sales.
The fast-casual chain says menu-price increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack more protein into their diets.
Chipotle Mexican Grill reported better-than-expected sales on Wednesday, as value deals and limited-time offerings helped drive more customers to the burrito chain.
Chipotle Mexican Grill reported same-store sales growth for the third quarter despite consumer fears about foodborne illness. The chain missed Wall Street expectations for earnings per share.
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