Chipotle Traffic, Same-Store Sales Rise Driven By Demand For Pricey, Limited-Time Smoked Brisket

Benzinga

Chipotle's third-quarter results exceeded earnings expectations but fell slightly short on revenue projections. Same-store sales rose slightly below estimates, and restaurant traffic also increased. The chain reintroduced the high-priced smoked brisket, driving sales for the quarter. Interim CEO Scott Boatwright assured investors the company’s strategy remains unchanged despite the leadership transition after Brian Niccol's departure to Starbucks. Chipotle aims to add over 300 new locations by 2025.

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00:00It's Benzinga bringing Wall Street to Main Street. Chipotle's third quarter results exceeded earnings

00:04expectations but fell slightly short on revenue projections. Same store sales rose slightly below

00:10estimates and restaurant traffic also increased. The chain reintroduced the high-priced smoked

00:15brisket driving sales for the quarter. Interim CEO Scott Boatwright assured investors the company's

00:21strategy remains unchanged despite the leadership transition after Brian Nichols departure to

00:26Starbucks. Chipotle aims to add over 300 new locations by 2025. For all things money visit

00:32benzinga.com slash gstv

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