Chipotle Mexican Grill raises full-year sales forecast on resilient burrito demand
24 Apr 2024
MarketScreener
Chipotle Mexican Grill
raised its full-year sales forecast on Wednesday, betting on
resilient demand for its burritos and rice bowls from its
relatively wealthier clientele despite higher menu...
April 24 (Reuters) - Chipotle Mexican Grill raised its full-year sales forecast on Wednesday, betting on resilient demand for its burritos and rice bowls from its relatively wealthier clientele despite higher menu prices.
The company expects comparable restaurant sales growth of mid-to-high-single digit percentage for 2024, compared with its previous projection of mid-single digit growth.
(Reporting by Granth Vanaik in Bengaluru; Editing by Shilpi Majumdar)