Chipotle shares hit a record high Wednesday as the burrito chain expressed confidence about growth, saying customers are returning to its dining rooms despite higher menu prices
Chipotle Mexican Grill Inc.’s shares hit a record high Wednesday as the burrito chain expressed confidence about growth, saying customers are returning to its dining rooms to eat out despite higher menu prices.
Sales for the company’s quarter ended in June outpaced the same period before the pandemic, with more people eating out again, particularly at lunch, the company said. “It was pretty amazing to see how quickly the consumer showed up,” Chipotle’s CEO Brian Niccol said Tuesday. Chipotle’s shares recently rose more than 12% to $1,771 on Wednesday; earlier in the session, the stock marked a record high of $1,778.29. Chipotle’s shares, which have been trading for more than 15 years, are up more than 50% over the past year.amid inflationary pressures that have made going out to eat more costly and possible hesitancy related to the highly contagious Delta variant of Covid-19.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Carnival stock rises after cruise operator announces 75% of fleet capacity will return this yearShares of Carnival rose on Tuesday after the cruise operator announced plans to return 75% of its fleet capacity by the end of the year.
Leer más »
Deutsche Bank upgrades Electronic Arts to buy, says stock can jump 24%New for subscribers: Deutsche Bank upgrades Electronic Arts to buy, says stock can jump 24%. Check out CNBCPro today.
Leer más »
5 things to know before the stock market opens WednesdayDow futures rose Wednesday as Wall Street tried to keep its rebound rally going. Nasdaq futures slipped.
Leer más »
Nvidia could triple data-center business and see stock hit $900, says analystNvidia Corp. has a number of key growth drivers that could help the company triple its data-center sales by 2025, according to an analyst.
Leer más »
CNBC Pro Talks: Investment manager Freddie Lait shares his stock picks and growth strategyNew for subscribers: CNBC Pro Talks: Investment manager Freddie Lait shares his stock picks and growth strategy. Check out CNBCPro today.
Leer más »
Stock Market Starts Paring Back Massive Losses As ‘Covid Anxiety’ Climbs'Investors are facing the very real prospect that limitations on daily life could be a factor... into 2022,' Deutsche Bank analysts caution.
Leer más »