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Chipotle Mexican Grill earnings beat on prices, new stores

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Chipotle Mexican Grill Inc topped Wall Street expectations for first-quarter sales and revenues on Tuesday, helped by steady demand for its burritos and rice bowls, higher menu prices and 41 new restaurant openings.

A meal is seen in a Chipotle outlet in this photo illustration in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kellytopped Wall Street expectations for first-quarter sales and revenues on Tuesday, helped by steady demand for its burritos and rice bowls, higher menu prices and 41 new restaurant openings.

on Tuesday posted a 12.6% rise in global comparable sales in the first quarter, underscoring American consumers' appetite for dining out. Comparable sales at the California-based chain jumped about 11% in the first quarter, while analysts on average expected an 8.6% rise, according to Refinitiv data.

 

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