Chipotle Management Talks Digital Sales Growth, Chipotlanes, and More
Fast-casual giant Chipotle Mexican Grill (NYSE: CMG) has seen incredible growth in 2019, with comparable-restaurant sales growth accelerating once again in Q3 to an impressive 11% growth rate. This helped revenue jump 14.6% year over year and non-GAAP (adjusted) earnings per share pop 77%.
Strong performance has been driven by soaring digital sales, operational innovation, and new menu items. But can the burrito chain keep up this momentum? Based on management's optimistic commentary in the company's third-quarter earnings call, Chipotle seems to have a number of initiatives underway that can help drive more strong comp growth.
Here are three areas of Chipotle's business that management is excited about.
Source Fool.com
