Chipotle Celebrates the "Stickiness" of Its Digital Sales Channel
Chipotle (NYSE: CMG) recently posted solid Q3 operating results as it bounced right back to steady growth following pandemic shutdowns earlier in the year. The restaurant chain reported a continued surge in its digital business that more than offset an ongoing slump in in-store traffic.
Chipotle's financial update also contained some worrying signs for returns over the short term as the wider industry struggles with high costs and a heavily promotional selling environment.
In a conference call with Wall Street analysts, CEO Brian Niccol and his team broke down those hits and misses while adding some context to the burrito maker's cloudy growth outlook.
Source Fool.com
