Shares of Chipotle Mexican Grill (CMG) have seen a bit of volatility since the start of the year. Shares started the year around the $300 mark and fell to lows of $275 later in January. From that point in time, shares have regained ground, currently exchanging hands at $317 per share after the company published its fourth-quarter results.
Fourth-Quarter Results
Chipotle reported its fourth-quarter results on the 5th of February. The company reported revenues of $699.2 million, up 17.2% on the year before. Revenue growth is driven by a 3.8% increase in comparable sales as well as 60 new store openings during the quarter.
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