The Traderszone Network

Published in TZ Latest News 8 November, 2017 by The TZ Newswire Staff

How Can Chipotle Mexican Grill Get Back on Top?

Chipotle Mexican Grill‘s (NYSE: CMG) third-quarter earnings announcement hit the market with a thud. The company missed analyst expectations on both the top and bottom lines by reporting revenue of $1.13 billion, versus a $1.14 billion estimate, and adjusted EPS of $1.33 versus a $1.63 estimate, according to estimates from Thomson Reuters. Perhaps the most disappointing metric was a paltry 1% comparable-restaurant sales increase, versus meager expectations of 1.2%.

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