. The company reported a smaller-than expected loss per share of 6 cents on revenue of $388 million. Analysts polled by Refinitiv were expecting a loss per share of 10 cents on revenue of $360 million. The app developer's user base grew to 203 million daily active users, and the company reported a gross margin of 46%, well above the 30% gross margin reported a year prior.
. The company reported adjusted earnings per share of $3.99 on revenue of $1.43 billion, versus the earnings per share of $3.76 and $1.41 billion in revenue that analysts had expected, according to Refinitiv. The burrito maker reported that its digital sales nearly doubled during the quarter. Chipotle expects sales at restaurants open at least a year to increase at a high-single-digit rate, topping a prior estimate of mid-to-high single-digit growth.
Big tech? - This didn’t age well 😂
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