Chipotle – 4 Quick Notes 2-8-23

In this episode Scott Becker shares 4 quick notes on Chipotle.

Chipotle reported great overall results but missed estimates and the stock fell 6% pre-market. Income up 68% YOY in 4th quarter to $223.7 million. Revenues up 11%, earnings per share missed estimates. Chipotle Mexican Grill Higher prices, same store sales up 5.6% and higher labor costs.