1 Number You May Have Missed From Chipotle's Q3 Earnings
Fast-casual pioneer Chipotle Mexican Grill (NYSE: CMG) recently reported another excellent quarter. For the three-month period that ended Sept. 30, the Tex-Mex restaurant chain's same-store sales jumped 15.1% year over year, and its restaurant-level operating margin was 23.5%. Chipotle also opened 41 new stores during the quarter, bringing the total count to 2,892.
There's no doubt the business continues to fire on all cylinders right now, and the stock's performance this year (up 29.7% year to date) suggests investors are aware as well. But here's one number you might have missed from Chipotle's latest financial release that reflects on its success and points to it continuing long-term.
Image source: Chipotle Mexican Grill.
Source Fool.com
