Chipotle Mexican Grill Inc.
(NYSE:CMG) stock rose in premarket trading Thursday after the restaurant chain reported second-quarter results that topped Wall Street estimates, driven by higher comparable sales and increased customer traffic.
Earnings Beat Estimates Adjusted earnings were 33 cents per share, topping the analyst consensus estimate of 32 cents, according to Benzinga Pro.
Revenue increased 9.3% year over year to $3.35 billion, ahead of the consensus estimate of $3.33 billion.
Comparable restaurant sales rose 2.2%, supported by a 1.0% increase in customer transactions, signaling improved guest traffic.
