Chipotle reported quarterly earnings that crushed expectations, but the burrito chain’s sales fell short. More here:
Jeenah Moon | Bloomberg | Getty Images
Chipotle reported second-quarter net income of $341.8 million, or $12.32 per share, up from $259.9 million, or $9.25 per share, a year earlier. Restaurant-level operating margins expanded to 27.5% from 25.2% in the year-ago period. Avocado prices were lower this quarter, but higher prices for tortillas, dairy, beef and other ingredients put some pressure on the company's profits. Last quarter, Chipotle said it was done raising menu prices after hiking them earlier to mitigate rising labor and commodity costs.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chipotle Mexican Grill is about to report earnings. Here's what to expectChipotle's stock has climbed 50% year to date.
Baca lebih lajut »
A Wall Street (Crypto) Analyst’s Take on ChainLink: Crypto Long & Short.GWilliamsJr_CMT returns to his past and examines chainlink and $LINK like a stock analyst. Read that and more in “Crypto Long & Short.”
Baca lebih lajut »
Tesla Revenue & Earnings Beat Wall Street Expectations — Yet Stock Dropped Off Cliff - CleanTechnicaTesla held its Q2 earnings call on Wednesday, during which CEO Elon Musk and other executives reported financials such as earnings, revenue, and profits for the quarter. In addition to beating Wall Street estimates on both revenue and earnings, Musk also revealed a few pieces of news, including a noteworthy update on Full Self-Driving (FSD) […]
Baca lebih lajut »
Dow leads Wall Street higher as investors eye beyond tech By Reuters⚠️BREAKING: *U.S. STOCKS END HIGHER AHEAD OF BIG TECH EARNINGS, DOW NOTCHES 11-DAY WINNING STREAK $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Baca lebih lajut »
Analysis Details How Wall Street Underwriting Quietly Funnels Billions Into Fossil Fuels'Underwriting is a huge missing piece of net-zero transition plans, allowing big U.S. banks to continue to help fossil fuel companies raise billions of dollars with limited scrutiny,' said one campaigner.
Baca lebih lajut »
Morning Bid: China gloom deepens, Wall Street shinesA look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.
Baca lebih lajut »