Earnings

Chipotle Mexican Grill (CMG) Q4 2021 earnings beat

0


Shares of Chipotle Mexican Grill jumped 8% in extended trading on Tuesday after the company reported quarterly earnings that topped analyst expectations.

Menu price hikes helped offset inflation without hurting customer demand. Other chains haven’t had as much luck charging customers more. Fellow restaurant giants McDonald’s and Starbucks both fell short of Wall Street’s earnings expectations for their latest quarters due to higher costs.

“We’re pretty fortunate with the pricing power that we have,” Chipotle CEO Brian Niccol said on CNBC’s “Closing Bell.”

Next quarter, the burrito chain expects same-store sales growth to slow due to the omicron variant.

Here’s what the company reported…



Source cnbc.com

0 0 votes
Article Rating

Toyota U.S. sales chief says win over GM ‘not sustainable,’ but expects bet on EVs to pay off

Previous article

Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings