2024-07-25 09:51:03 ET
Summary
- Chipotle Mexican Grill, Inc.'s Q2 2024 revenue grew by 18.2% y/y, with EPS rising 32% y/y to $0.33 per share.
- Chipotle's stock initially rose by 15% post-earnings, but investors quickly faded the bounce due to concerns about upcoming margin pressures and deceleration in sales growth.
- Despite being a fan of Chipotle's business, I am not a buyer of CMG stock at current levels due to valuation concerns.
Introduction: Chipotle Delivers A Double Beat
After reporting its Q2 2024 numbers in the after-hours session yesterday, Chipotle Mexican Grill, Inc. ( CMG ) saw its stock shoot up by ~15%, with the company registering a double beat:
GoogleFinance Chipotle Q2 2024 Earnings (SeekingAlpha)
Read the full article on Seeking Alpha
For further details see:
I Love Chipotle, But Its Valuation Is An Appetite Killer