Chipotle Raises Full-Year Guidance After 9.3% Revenue Jump. Is the Turnaround Finally Here?

Chipotle Raises Full-Year Guidance After 9.3% Revenue Jump. Is the Turnaround Finally Here?

Chipotle jumped after hours, but is the recovery sustainable?

Chipotle raises forecast despite hit from cyclospora parasite scare - Regional Media News

By Anuja Bharat Mistry and Waylon Cunningham July 29 (Reuters) - Chipotle Mexican Grill raised its annual sales forecast on Wednesday but said the third quarter is likely to be its toughest of the year after a multistate cyclosporiasis outbreak dented consumer confidence in eating out in late July. The burrito chain also beat second-quarter estimates, buoyed by its push to roll out value deals and limited-time offerings such as honey chicken and…

Q2 Revenue Increases 9.3% to $3.3 Billion - Orange County Business Journal

Chipotle Mexican Grill reported second-quarter net revenue of $3.3 billion, up 9.3% from a year ago. Growth was driven by same store sales increasing 2.2% in Q2, prompting the company to raise its full year guidance for same store sales to single digit growth instead of flat. “Our positive results reflect the momentum we’re building as our Recipe for Growth strategy continues to take shape,” Chief Executive Scott Boatwright said in a statement. …