Chipotle Q3 Earnings Top, Revenues Lag Estimates, Stock Down 5%
Chipotle Mexican Grill(CMG) ZACKS·2024-10-30 23:00
Shares of Chipotle Mexican Grill, Inc. (CMG) declined 5.3% in the after-hour trading session yesterday after the company reported mixed third-quarter results. The company's earnings beat the Zacks Consensus Estimate for the seventh consecutive quarter but revenues missed the same after beating in the preceding four quarters. However, both top and bottom lines increased year over year. The company benefited from new restaurant openings and a rise in comparable restaurant sales. Higher transactions and an inc ...