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Benzinga
  • 2 years ago
Chipotle will split its stock 50-for-1 on June 26th, offering each shareholder 49 additional shares for every 1 share owned after the market closes on June 25th. Over the past few years, Chipotle has grown its revenue much faster than its competitors, showing strong, consistent growth even during the pandemic in 2020. The company expects 53% earnings growth for 2024, around 4 times the growth expected by McDonald's. The stock is valued significantly higher than competitors based on current earnings, so continued strong growth will be needed to justify this premium valuation.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Chipotle will split its stock 50-for-1 on June 26, offering each shareholder 49 additional
00:08shares for every one share owned after the market closes on June 25.
00:13Over the past few years, Chipotle has grown its revenue much faster than competitors,
00:17showing strong, consistent growth even during the pandemic in 2020.
00:22The company expects 53% earnings growth for 2024, around four times the growth expected
00:27by McDonald's.
00:28The stock is valued significantly higher than competitors based on current earnings, so
00:32continued strong growth will be needed to justify this premium valuation.
00:36For all things money, visit Benzinga.com.
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