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00:02Chipotle raised its full-year same-store sales growth forecast
00:05after beating analysts' quarterly earnings and revenue expectations, according to CNBC.
00:11Adjusted earnings came in at $0.33 per share, beating expectations of $0.32,
00:16while revenue reached $3.35 billion, above the $3.33 billion forecast.
00:23CEO Scott Boatwright said Chipotle is making progress by focusing on menu innovation,
00:28rewards engagement, restaurant hospitality, and group dining opportunities.
00:33Chipotle said its California-sourced lettuce is unaffected by the U.S. cyclospora outbreak
00:39and emphasized that it maintains a robust food safety program.
00:43The restaurant chain said the cyclospora outbreak reduced sales by about two percentage points
00:48in the second half of July, an impact included in its guidance.
00:52Chipotle opened 100 new locations and one partner-operated international restaurant during the quarter.
00:57For all things money, visit Benzinga.com.
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