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.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chipotle Mexican Grill earnings beat estimates as revenue climbs 17%Shares of Chipotle Mexican Grill have risen 28% this year, giving it a market value of $49.1 billion.
Read more »
New stores, cheaper avocados help Chipotle's results, as stock ralliesShares of Chipotle Mexican Grill Inc. moved higher after the fast-casual Mexican chain reported first-quarter results that beat expectations.
Read more »
Chipotle Mexican Grill is about to report earnings. Here's what to expectChipotle hasn't provided an outlook for 2023 same-store sales growth, noting the possibility of a recession.
Read more »
Here are Monday's biggest analyst calls: Apple, Amazon, Chipotle, Ford, Disney, Nvidia, Sunrun & moreAnalyst call of the day for CNBCPro subscribers: Bernstein reiterates Chipotle as outperform. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Read more »
Stocks making the biggest moves after hours: Enphase Energy, PacWest Bancorp, Chipotle, Microsoft and moreThese are the stocks posting the largest moves in extended trading.
Read more »
John Galantic Steps Down as President and Chief Operating Officer of Chanel Inc.“During his time with Chanel, John Galantic has built the brand and the business of Chanel Inc. into a true powerhouse.” said a Chanel spokeswoman, who confirmed his resignation Monday.
Read more »