The current price won't hurt the technical set up of the chart much at all, since the stock has run so much and is above all key levels. Just a glancing blow.
- Chipotle posted $1.59 in EPS, 9 cents worse than expectations. Revenue came in at $572 million (+22%) against expectations for $558 million.
- Comparable store sales rose 10%, but operating margin fell 110 basis points to 25.8%. “The decrease was primarily driven by food cost inflation partially offset by leverage from comparable restaurant sales growth.”
- The company raised its comparable store sales forecast for the year to high-single-digit to low-double-digit growth from its prior forecast of mid-single-digit growth.