Chipotle Sees Sales Growth Accelerating on Prices, Traffic

10/27/2023 07:15
Chipotle Sees Sales Growth Accelerating on Prices, Traffic

Chipotle Mexican Grill Inc. shares rose after its sales beat expectations and the burrito chain forecast an acceleration in the fourth quarter.

Chipotle Mexican Grill Inc. shares rose after its sales beat expectations and the burrito chain forecast an acceleration in the fourth quarter.

Same-store sales growth — a gauge of how restaurants open for more than year are performing — was 5% in the third quarter, higher than the 4.4% analysts polled by Bloomberg had anticipated. For the fourth quarter, the company is anticipating a more aggressive expansion clip, guiding to a mid- to high-single digit range.

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