Chipotle Reports Strong Q3 Earnings, Beats Expectations but Stock Takes a Dip

Chipotle Mexican Grill (CMG) reported strong third-quarter financial results, exceeding revenue and earnings expectations. Comparable restaurant sales grew by 6%, driven by higher transactions and increased average check size. The company opened 86 new restaurants, showcasing its aggressive expansion strategy. However, despite the positive results, Chipotle’s stock dropped in after-hours trading, likely due to investor concerns about future growth prospects.

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