Shares of Chipotle Mexican Grill (NYSE: CMG) were running 10% higher in morning trading Wednesday after the Mexican-food restaurant reported second-quarter earnings yesterday that beat analyst expectations on both the top and bottom line.
While Chipotle was going up against easy comparables from the year-ago period when its restaurants had to rely solely upon takeout and delivery for a portion of the quarter, the performance was still notable because it reflects a new dynamic at the eatery.
Image source: Chipotle Mexican Grill.
For further details see:
Why Chipotle Mexican Grill Is Soaring Today