Net income registered $187.97 million, or $6.60 a share, up from $8.18 million, or 29 cents, last year, when COVID raged. The FactSet analyst consensus called for a profit of $6.50 per share in the latest quarter.
Revenue soared 39% to $1.89 billion in the latest quarter from $1.36 billion a year earlier. The analyst consensus called for $1.88 billion in the latest quarter.
"We remain confident in our key growth strategies and believe they will help us achieve our next goal of $3 million average unit volumes with industry-leading returns on invested capital that improve, as we continue to add Chipotlanes [drive-through lanes],” said Chipotle Chief Executive Brian Niccol.
So, how is ˆReal Money's, Stephen Guilfoyle, explains why he decided to trade the name after earnings and why he decided to short the stock.