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Chipotle Q2 Revenue Increases 9.3% to $3.3 Billion
['Anastasia Efremova']
Orange County Business Journal
Chipotle Mexican Grill reported second-quarter net revenue of $3.3 billion, up 9.3% from a year ago.
Growth was driven by same-store sales increasing 2.2% in Q2, prompting the company to raise its full-year guidance for same-store sales to single-digit growth instead of flat.
On the day of the report, shares went up 5.9% to $36.24 apiece during after-hours trading (NYSE: CMG).
On Thursday, July 30, shares jumped 12% to $38.49 a share with a market cap of $49 billion.
This story was updated on Thursday, July 30.