Reported 28 days ago
Chipotle reported third quarter revenue of $2.79 billion, missing Wall Street's expectations of $2.82 billion, leading to a decline in its stock. While the company reintroduced brisket to the menu, analysts noted that tough comparisons with last year's popular carne asada impacted sales. Interim CEO Scott Boatwright is expected to be appointed permanently, as the company aims to enhance menu innovation and expand its restaurant footprint.
Source: YAHOO