financetom
Business
financetom
/
Business
/
Chipotle beats quarterly sales estimates on strong burrito demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chipotle beats quarterly sales estimates on strong burrito demand
Jul 24, 2024 1:19 PM

July 24 (Reuters) - Chipotle Mexican Grill ( CMG )

surpassed market estimates for quarterly sales on Wednesday,

benefiting from consistent demand for its rice bowls and

burritos even as menu items get pricier.

The restaurant chain's comparable sales rose 11.1% in the

second quarter, compared with analysts' average estimate of a

9.09% increase, according to LSEG data.

(Reporting by Granth Vanaik in Bengaluru; Editing by Devika

Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Campbell's lowers full-year forecasts on weak demand
Campbell's lowers full-year forecasts on weak demand
Mar 5, 2025
(Reuters) - Campbell's Co lowered its annual sales and profit forecasts on Wednesday, signaling weak demand for snacks amid intense competition from cheaper private-label brands. The company's shares were down about 4% to $39 before the bell. Consumer packaged food firms such as Campbell's and PepsiCo have seen cautious spending from customers, particularly related to snacking, against the backdrop of...
Liberty Energy Acquires IMG Energy Solutions
Liberty Energy Acquires IMG Energy Solutions
Mar 5, 2025
07:29 AM EST, 03/05/2025 (MT Newswires) -- Liberty Energy (LBRT) said Wednesday it has acquired IMG Energy Solutions, which develops distributed power systems. Financial terms were not disclosed. The company said it expects the acquisition to boost the power solutions offering of its Liberty Power Innovation segment through IMG's advanced engineering designs, software control systems and utility interconnection experience. ...
GDI Q4 Profit Jumps on Asset Sales
GDI Q4 Profit Jumps on Asset Sales
Mar 5, 2025
07:29 AM EST, 03/05/2025 (MT Newswires) -- GDI Integrated Facility Services ( GDIFF ) overnight Tuesday reported a steep jump in fourth-quarter profit as it sold assets. The company reported net income of $23 million or $0.99 per diluted share for the three-months ended Dec. 31, compared with $6 million or $0.25 per diluted share, a year ago. Revenue for...
Hydro One Closes Acquisition of 48% Stake in Northern Ontario Partnership
Hydro One Closes Acquisition of 48% Stake in Northern Ontario Partnership
Mar 5, 2025
07:32 AM EST, 03/05/2025 (MT Newswires) -- Hydro One ( HRNNF ) said overnight Wednesday that its subsidiary Hydro One Networks completed the acquisition of a 48% interest in the East-West Tie Limited Partnership in northern Ontario for $261 million. The partnership owns the East-West Tie Line, a 450-kilometer, 230-kilovolt double-circuit transmission line regulated by the Ontario Energy Board. This...
Copyright 2023-2026 - www.financetom.com All Rights Reserved