Chipotle shares rise as Q3 same-store sales growth beats estimates
CMG Chipotle Mexican Grill
$35.92 +0.50%
View chart & analysis → - 1Chipotle recorded a 2.1% same-store sales growth rate in Q3, exceeding the Wall Street estimate of 1.5%.
- 2Chipotle's adjusted earnings per share of $0.27 in Q3 fell below the Wall Street estimate of $0.29.
- 3Chipotle shares rose approximately 7% in after-hours trading.
So what's the key point?
Chipotle's store sales growth was 2.1%, which was higher than what experts expected. Although earnings were lower than expected, the stock rose about 7% in after-hours trading.
Source Yahoo Finance +7 · View original ↗
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