Chipotle stock price just hit an all-time high, even as other chains struggle to stay afloat
by Fast Company
Fast Company— Shares of Chipotle Mexican Grill (CMG) hit an all-time high today, climbing 7.35% to $3,142 in afternoon trading. The increase comes after the popular burrito chain reported first-quarter earnings Wednesday and outpaced analysts’ expectations in both earnings and sales. Shares now have risen by more than a third over the past year. The company announced that first-quarter revenue increased by 14% from a year ago to $2.7 billion, which was just above analysts’ expectations of $2.68 billion,...
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