Chipotle posts in-line Q4 earnings, same-store sales miss
In This Article:
Chipotle Mexican Grill (CMG) stock is falling in extended-hours trading after reporting its fourth quarter earnings on Tuesday, meeting analyst expectations for both revenue and profit by releasing adjusted earnings per share (EPS) of $0.25 and revenue of $2.85 billion.
However, the restaurant chain fell short of same-store sales growth, reporting 5.4% compared to Wall Street's projected 5.67%.
Yahoo Finance senior reporter Brooke DiPalma analyzes how increased menu prices impacted Chipotle's sales growth and customer traffic during the quarter.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Angel Smith
Related Videos
Terms and Privacy Policy