Chipotle Raises Full-Year Sales Outlook Following Strong Q2 Earnings
Chipotle Mexican Grill (CMG) exceeded Wall Street expectations in its second-quarter earnings report, leading to an upward revision of its full-year sales forecast. The company reported adjusted earnings per share of $0.33 on revenue of $3.35 billion for the quarter, surpassing analyst estimates and driving a 5.1% rise in premarket trading. Comparable restaurant sales grew by 2.2%, supported by higher average customer spending and increased transaction volumes. The company also opened 100 new locations during the period. Digital orders accounted for 38.3% of food revenue, up from last year's 35.5%. Despite rising packaging costs due to beef and freight expenses, menu price increases helped offset some pressures. Chipotle continues its
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