Reported 2 months ago
In the second quarter, Chipotle (NYSE:CMG) reported impressive revenue growth of 18.2% year on year, exceeding analysts' expectations, while modern fast food stocks collectively saw a 10.5% rise. Despite a challenging economic environment, Chipotle's effective brand marketing and operational improvements resulted in strong demand, reflected in its stock's 7.4% increase post-earnings. Meanwhile, Potbelly and Sweetgreen also performed well, while Noodles & Company struggled, missing revenue expectations.
Source: YAHOO