Post by lookingforatenbagger on Oct 26, 2022 16:00:18 GMT
"Chipotle says price hikes lift revenue as customer visits slip"
Earnings per share: $9.51 adjusted vs. $9.21 expected
Revenue: $2.22 billion vs. $2.23 billion expected
Net sales rose 13.7% to $2.22 billion from the year-earlier period, fueled by same-store sales growth of 7.6% and new store openings.
www.cnbc.com/2022/10/25/chipotle-mexican-grill-cmg-q3-2022-earnings.html
LFTB: CMG opened down 5% on yesterday's news, but rallied to down 3% at noon. PE TTM of 57 appears a little hard to justify.
[Update 11/1:
10/25 close: 1,584.02
10/26 close: 1,476.03
10/31 close: 1,498.33]
Earnings per share: $9.51 adjusted vs. $9.21 expected
Revenue: $2.22 billion vs. $2.23 billion expected
Net sales rose 13.7% to $2.22 billion from the year-earlier period, fueled by same-store sales growth of 7.6% and new store openings.
www.cnbc.com/2022/10/25/chipotle-mexican-grill-cmg-q3-2022-earnings.html
LFTB: CMG opened down 5% on yesterday's news, but rallied to down 3% at noon. PE TTM of 57 appears a little hard to justify.
[Update 11/1:
10/25 close: 1,584.02
10/26 close: 1,476.03
10/31 close: 1,498.33]