Chipotle raises comparable sales outlook after Q2 sales grow on new restaurant openings

The burrito chain lifted its same-store sales guidance after second-quarter revenue increased, while profit was $403.5 million, or 32 cents a share, versus $436.1 million, or 32 cents, a year earlier.

Summary

Chipotle Mexican Grill raised its comparable sales guidance after reporting higher second-quarter sales, with growth supported by new restaurant openings. The company posted profit of $403.5 million, or 32 cents a share, compared with $436.1 million, or 32 cents a share, a year earlier.

Terms & Concepts
  • comparable sales: A retail and restaurant metric that measures sales growth at locations open long enough to be compared across periods.