Retail

Chipotle Mexican Grill (CMG) Q4 2020 earnings miss

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A customer wearing a protective mask enters a Chipotle Mexican Grill Inc. restaurant in San Francisco, California. .

David Paul Morris | Bloomberg | Getty Images

Chipotle Mexican Grill on Tuesday reported that its same-store sales rose more than 5% in its latest quarter, fueled by higher digital orders and the return of carne asada.

Citing the uncertainty caused by the coronavirus pandemic, the company declined to provide a forecast for same-store sales growth in fiscal 2021 but did say that it’s expecting a strong first quarter.

Shares of Chipotle fell 3.8% in extended trading. The stock hit an all-time high of $1,553.55 during trading earlier on Tuesday.

Here’s what the company reported for…



Source cnbc.com

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