The Traderszone Network

Published in TZ Latest News 14 November, 2014 by The TZ Newswire Staff

Chipotle Undeterred In Expansion Plans

Investors cooled on Chipotle Mexican Grill (CMG) when it announced Q3 results last month. Sales and profit beat expectations, but it was the company’s 2015 same-store sales outlook that disappointed. Chipotle forecast growth at a low- to mid-single-digit pace. Still, that hasn’t altered the company’s fast expansion plans. Chipotle, which has opened 132 restaurants so far this year, plans to have 180 to 195 additions by the end of the year.

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