Should You Invest In Chipotle Mexican Grill Right Now?
Chipotle Mexican Grill (NYSE: CMG) saw its shares end 2022 down nearly 21%, underperforming the broader S&P 500 index, which was down about 18% on the year. You can't tell by looking at the stock performance, but the popular restaurant chain continues to post solid financial results and still has tons of growth potential in the years ahead.
Does this make Chipotle a smart buy right now? Let's take a closer look to find the answer.
In its 2022 third quarter (ended Sept. 30), Chipotle generated revenue of $2.2 billion, good for a 13.7% increase from the prior-year period. Same-store sales, which measure comparable revenue for stores open at least 13 months, jumped 7.6%. And diluted earnings per share increased 28.1% compared to Q3 2021. These are solid results, especially when you consider how much growth Chipotle exhibited in 2021.
Source Fool.com
