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

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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

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

Hope it up 15 % tmr again!

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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