.png)
2 hours ago
Chipotle Mexican Grill, Inc. (NYSE:CMG) is set to report its fourth-quarter earnings after Tuesday's closing bell. Here's a look at what to watch in the report.
What To Watch: Investors will be watching Chipotle's average restaurant sales figures which came in at $3.08 million in the fourth quarter of 2023 and comparable store sales which grew 8.4% in the same quarter last year.
Chipotle outperformed competitors in terms of customer visits with year-over-year visit growth in each month of 2024, according to data from Placer.ai.
Stifel analysts released a preview note on Sunday and expect a "relatively in-line" quarter from the fast-casual chain. The analysts highlighted Chipotle's operational execution and product innovation, including its new Smoked Brisket offering which Stifel sees positively impacting overall margin performance.
Stifel analysts maintained a Buy rating and $70 ...
