Chipotle Is Gearing Up for a Second Act
Investors had modest expectations heading into Chipotle's (NYSE: CMG) fourth-quarter earnings report. Some of the biggest concerns included how the company was dealing with spiking production costs and labor shortages, and if it was having trouble passing along higher prices.
But the burrito giant eased those worries by announcing solid sales and profit trends. Management even raised its long-term growth expectations and announced an accelerated plan for more Chipotle locations in smaller metropolitan areas.
Let's dive right in and analyze the details from this latest report.
Source Fool.com
