Experience implementation plans need time, but Chipotle still offers a longer-term investment story.
Chipotle's turnaround efforts took steps forward in the first quarter, highlighted by further stabilization of two-year comp trends and better-than-anticipated margin gains, but ultimately, we walked away from the quarter with concerns that the market valuation may be getting ahead of itself.Comps increased 17.8% in the quarter, representing a two-year comp decline of 12%. After adjusting for timing differences, management noted that two-year comp trends had improved from a 20% decline in Janua...
Chipotle Mexican Grill together with its subsidiaries operates Chipotle Mexican Grill restaurants, which feature a menu of burritos, burrito bowls (a burrito without the tortilla), tacos, and salads. The company operates Chipotle restaurants throughout the United States, international Chipotle restaurants, and non-Chipotle restaurants. The company uses various herbs, spices and seasonings to prepare its meats and vegetables. The company also serves tortilla chips that seasoned with lime juice and salt, with sides of hand mashed guacamole, salsas, or queso. In addition to sodas, fruit and tea drinks, and organic milk, most of the company's restaurants also provide a selection of beer and margaritas.
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