Chipotle Reports Q1 Revenue Growth and New Store Openings
Chipotle Mexican Grill reported first-quarter revenue growth to $3.1 billion with the opening of 49 new stores, including drive-through locations called Chipotlane, which contributed positively to sales and profitability. Despite a slight increase in comparable restaurant sales driven by higher traffic, rising costs impacted profit margins.
Tickers: $CMG
Topics: comparable sales expansion profitability restaurant industry sales growth