Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and ...
- Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain’s marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.
“Customer engagement and visits are increasing as a result of compelling marketing message, more convenient access, including delivery and strong operations,” Niccol said on a post-earnings call. The efforts are clearing paying off. Sales at Chipotle restaurants open for at least 13 months jumped 9.9 percent in the first quarter, breezing past analysts’ average estimate of a 7.29 percent increase, according to IBES data from Refinitiv.
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