- Chipotle (NYSE:CMG) is up 6% after management's first presentation at the ICR Conference goes smoothly.
- The company is planning to stay at full throttle on store expansion and sees both comps and margins recovering.
- New food safety protocols and an expanded leave policy for sick employees are both in the works.
- Several investments firms have weighed in positively after the talk. Morgan Stanley says the long-term thesis is still solid, while William Blair says it expects the CDC investigation to close soon. Citi was also impressed, but warned that earnings visibility will be tough this year.
Chipotle +6% after ICR talk impresses
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Symbol | Last Price | % Chg |
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CMG | - | - |
Chipotle Mexican Grill, Inc. |