Chipotle Drops as Sales Growth Falls Short of Estimates
- Burrito chain says online and mobile orders jumped 177%
- Company reports that sales growth has accelerated in January
Photographer: Craig Warga/Bloomberg
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Chipotle Mexican Grill Inc. reported fourth-quarter sales that trailed estimates amid a resurgence of Covid-19 infections in the U.S.
Same-store sales advanced 5.7% in the period ended Dec. 31, the company said in a statement Tuesday. That’s just below the average analyst projection of 5.9% growth, according to Consensus Metrix. Revenue, which was boosted by higher menu prices, was in line with projections.