Chipotle’s Q3 results could make it a standout in restaurant earnings season

Chipotle Mexican Grill Inc. kicked off restaurant earnings season after market close Thursday, reporting transaction growth through its third quarter, despite swirling concerns about consumer spending.

Speaking during a conference call to discuss the results Thursday, Chipotle CEO Brian Niccol said that the company’s transaction throughput showed improvement every month during the third quarter. Raymond James reiterated its outperform rating for Chipotle in a note released Friday. “Combined with accelerating unit growth in 2024 on its way towards 10% into 2025E, we continue to view CMG as one of the more compelling secular growth stories within the restaurant sector,” wrote Raymond James analyst Brian Vaccaro.

Related:McDonald’s Halloween ‘Boo Buckets’ are back — facing off against Burger King’s ‘Trick or Heat’ plastic pails

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Chipotle earnings: What to expectChipotle reports third-quarter results amid concerns about consumer spending
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Chipotle shares climb on Q3 earnings beat, strong comparable salesChipotle reported third-quarter results after market close Thursday
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Chipotle Mexican Grill easily tops earnings estimates, as price hikes help offset higher food pricesBeef and queso costs rose this quarter, largely offsetting last year’s menu price hikes.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »

Stocks making the biggest moves after hours: Intel, Amazon, Chipotle, Enphase Energy and moreSee which stocks are posting big moves after the bell.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Chipotle Mexican Grill is about to report earnings. Here's what to expectThe burrito chain Chipotle recently raised prices for the first time in over a year, citing inflation.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »