Chipotle earnings: Price increases, new locations boost bottom line despite inflation

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Chipotle Mexican Grill said Tuesday that its first-quarter profit and revenue rose as it saw more sales and dealt with inflation by raising menu prices.

The fast-food restaurant chain said its comparable-restaurant sales were up 9% year over year; in-restaurant sales rose 33%; and that it opened 51 new restaurants in the quarter. Digital sales made up 41.9% of total food and beverage revenue.

Chipotle CMG, -5.13% shares see-sawed after hours but stayed in positive territory after the company’s earnings call concluded, ending the extended session up nearly 4% after falling more than 5% in the regular session to close at $1,438.21. Hartung said on the call that the COVID-19 pandemic continues to make it hard to issue specific financial forecasts. For the second quarter, the company said it expects comparable-restaurant sales growth in the 10% to 12% range if current trends continue. Hartung also said the company expects to open 235 to 250 new restaurants this year.

See: ‘It’s like being ripped into two’: Chipotle workers overwhelmed by online orders and furious customers

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Hope it up 15 % tmr again!

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Lithium's 'Insane' Price Levels Predicted Years Ago By Mr. Lithium & Lithium Market ExpertsElon Musk and 'Mr. Lithium' are both right about the issues surrounding lithium's supply and demand. Lithium prices are rising to i I have already offered you a solution on how to get rid of lithium. do you know how to read
Herkunft: cleantechnica - 🏆 565. / 51 Weiterlesen »