Chipotle reports second-quarter revenue of $3.35 billion, above analyst estimates
Chipotle (CMG) reported second-quarter revenue of $3.35 billion, topping analysts’ expectations of $3.33 billion. Comparable restaurant sales rose 2.2% in the quarter, above the 1.33% increase analysts had expected. The company kept its full-year new-store opening target at 350 to 370 locations, versus analysts’ estimate of 352.