Chipotle's Q1 Earnings Beat: What Investors Need to Know
Following a gloomy trading day for stocks, Chipotle (NYSE: CMG) investors got a burrito plate loaded with good news. The restauranteur's shares popped more than 3% higher after hours on Tuesday, following the post-market release of its latest quarterly results.
For its first quarter of this year, Chipotle posted total revenue of $2.0 billion. This was a sturdy 16% higher than the same period of 2021, and was on the back of 9% growth in comparable restaurant sales (i.e., outlets in operation for 13 calendar months at a minimum).
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Source Fool.com
