Chipotle sees traffic soar in Q1, margins slip on food costs

Chipotle (CMG) reports comparable-restaurant sales rose a sizzling 13.4% in Q1 on strong traffic trends.

Restaurant level operating margin fell 40 bps to 25.9%.

The company says food costs were up 150 bps during the quarter. Prices on avocados, beef, and cheese were all higher.

A new $100M buyback authorization approved by the board comes on top of the $77M still available on an old line.

CMG +3.7% premarket

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs