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Where Will Chipotle Be in 1 Year?

TheMotleyFool

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COVID-19 has taken a big bite out of most restaurant chains, but there are a small number of fast-food delivery brands that continue to provide quick nourishment for customers. Chipotle Mexican Grill (NYSE: CMG) came back to growth after a small dip at the beginning of the pandemic, and is now back on schedule to deliver high gains as it delivers burritos and fajitas. Can it keep serving up through 2021?

In the third quarter ended Sept. 30, 2020, revenue grew 14%. Comparable sales grew 9%, and most of the rest was from new stores. The chain opened 44 new stores in the third quarter, cranking out new sales while feeding its clientele.

For comparison, during a similar time period, competitors didn't perform nearly as well.

Source Fool.com

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