Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Tidbits from Chipotle's (CMG +2.2%) presentation at the ICR XChange conference: 1) Execs say the...

  • Thursday, January 17, 12:45 PM ET
    Tidbits from Chipotle's (CMG +2.2%) presentation at the ICR XChange conference: 1) Execs say the company might increase menu prices in 2013 with dairy and beef costs pressuring margins. No timetable is given, although the middle of the year looks to be the likeliest time period. 2) Catering services will be rolled out over the next few months. 3) On Q4, the company says 60 new restaurants were opened and the company saw its margins fall 150 bps to 24.6%. (webcast)
Track new comments on this story

This news story has 1 comment:

  •  
    Estimates remain high for 2013 particularly in the first half and especially for the first quarter. Gross margin miss in the quarter indicates that mgmt visibility into food costs is poor....thus 2.5% to 3% food inflation guidance for '13 needs to be, at least, rounded up a bit...particularly for a company that has missed in 3 of the last 4 quarters.
    17 Jan, 01:45 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Consumer Articles
More Latest Articles »