Chipotle Mexican Grill Q3 2024 Earnings: Unleashing Remarkable Growth and Surpassing Expectations
A customer outside a Chipotle in New York on January 12, 2024, underscores a pivotal moment for the fast-food chain. Chipotle Mexican Grill is slated to release its third-quarter earnings post-market close, following the recent CEO shift. Ex-CEO Brian Niccol exited in August to aid Starbucks’ revival, leaving COO Scott Boatwright as interim chief executive. Wall Street, surveying by LSEG, anticipates earnings per share at 25 cents and revenue of $2.82 billion. Analysts project a 6.3% growth in same-store sales, reflecting the chain’s rising traffic, despite recent criticisms over portion sizes. Chipotle plans significant expansion, intending to add 285 to 315 new outlets in 2024 and forecasts mid- to high-single-digit gains in annual same-store sales. The brand’s stock has seen a 32% uptick this year, positioning its market cap at $82.91 billion. This ongoing story highlights Chipotle’s robust performance and strategic adjustments amid leadership changes. Refresh for the latest updates.
Original Story https://www.cnbc.com/2024/10/29/chipotle-mexican-grill-cmg-q3-2024-earnings.html
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