Chipotle reported Q2 same-store sales up 11.1% YoY, partially due to higher menu prices; 8% growth persisted.
Chipotle reported strong Q2 financial results, with same-store sales up 11.1% year-over-year, following a 50-for-1 stock split on June 18. However, concerns arose during the earnings call, highlighting the need for investors to pay attention to subsequent commentary. Two major takeaways include: 1) The impressive headline numbers should be celebrated, but same-store sales growth was partially boosted by higher menu prices, and 2) despite this, the company still enjoyed over 8% growth.
July 28, 2024
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