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Chipotle's earnings beat estimates on higher prices, digital boost

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Chipotle Mexican Grill Inc raised menu prices and consumers bit, helping the fas...

) raised menu prices and consumers bit, helping the fast-casual burrito chain beat analysts’ estimates for quarterly sales and profit on Tuesday.

The company’s steady growth is set to continue in 2020, according to guidance released on Tuesday, as Chief Executive Officer Brian Niccol steers it past the E. coli bacteria outbreaks that sickened customers in 14 states through early 2016. For the fourth quarter ended Dec. 31, digital sales rose 78.3% and accounted for 19.6% of total sales.

The premium steak has been so popular that now the company’s supply chain team “is exploring options to see if we can add this as a permanent menu item at some point in the future,” Niccol said.

 

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Chipotle is trash!

When you under pay and cheat people on their wages profits go up it’s the American way

Every shareholder should be sending me a thank you letter for paying extra for the guac!

I’m sorry. I can never eat there.

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