Chipotle Mexican Grill Aktie News

Chipotle earnings growth accelerated for a second straight quarter as margins improved. Chipotle stock rose, around two buy points.

Chipotle Mexican Grill, Inc. (NYSE:CMG ) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Cindy Olsen - Head of IR and Strategy Brian Niccol - Chairman and CEO Jack Hartung - Chief Financial and Chief Administrative Officer Conference Call Participants David Tarantino - Baird Lauren Silberman - Deutsche Bank Andrew Charles - TD Cowen Sara Senatore - Bank of Americ...

The effects of California's $20 minimum wage for fast food workers are starting to show. Chipotle said the law raised wages at its restaurants by roughly 20%.

A little over a year ago, Chipotle announced the opening of its first Farmesa location.

Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for new menu items.

The burrito chain said traffic increased 5.4% in its first quarter.

COMPARABLE SALES INCREASE 7% DRIVEN BY OVER 5% TRANSACTION GROWTH AS MARGINS EXPAND NEWPORT BEACH, Calif. , April 24, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2024.

Bill Ackman is the head of the Pershing Square hedge fund, which only reports seven different stocks in its portfolio. Six of the seven aren't tech stocks, including three of the top-four positions that account for half of the portfolio's value.