Inflation Is No Match for This Explosive Restaurant Stock
In the recently ended 2021 fourth quarter, Chipotle Mexican Grill (NYSE: CMG) generated revenue of almost $2 billion, up 22% from the prior-year period. But what stood out was the company's adjusted diluted earnings per share of $5.58, which exceeded Wall Street's expectations.
The stock popped 10% on Wednesday, a day after the financial release. These earnings are impressive given the inflationary pressures that Chipotle and the broader economy have been facing in recent quarters.
Let's take a closer look at how this fast-casual restaurant stock is handling the current situation.
Source Fool.com
