TD Ameritrade Network artwork

Chipotle (CMG) CFO Jack Hartung Talks Earnings, Growth, & Margins

TD Ameritrade Network

English - July 22, 2021 16:41 - 12 minutes - 71.8 MB - ★★★★★ - 23 ratings
News Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed


Chipotle (CMG) CFO Jack Hartung, explains that they had significant digital gains during the pandemic, and our goal was to try to hold onto those gains while the dining rooms reopen, and that is playing out there in this quarter. He says during the quarter, we held onto 80% of the digital gains that we picked up during the pandemic. He says they are regaining 70% of the dining business that went away temporarily during the pandemic. He discusses the strong restaurant margin levels. He discusses the wage increase and applications has increased. They stress restaurant store growth and margin growth.