If you invested $1,000 in Chipotle 10 years ago, here's how much money you'd have now. (via CNBCMakeIt)
A chicken burrito, guacamole, bag of tortilla chips, and a drink are arranged for a photograph at a Chipotle Mexican Grill Inc. restaurant in El Segundo, California, U.S., on Wednesday, July 25, 2018.reported blockbuster second-quarter earnings
this week with the news sending its shares surging in after-hours trading. Over the last decade, the company has made investors a significant profit. Chipotle's stock has been on an upswing recently and its shares are up 80% this year and hit an all-time high Wednesday. TheIf you invested in Chipotle 10 years ago, you'd have made a strong profit. A $1,000 investment in 2009 would be worth nearly $8,600 as of July 24, 2019, for a total return of 760%, according to CNBC calculations. By comparison, a $1,000 investment in the S&P 500 would have earned a total return of 280% over the same period.
Chipotle also announced Tuesday that its digital sales almost doubled during the second quarter, beating Wall Street expectations. "We're pleased with our financial performance, which marks the sixth consecutive quarter of accelerating comps and reflects continued progress on our key strategic initiatives," Chipotle CEO Brian NiccolThe company reported earnings per share of $3.99, versus analyst expectations of $3.76. Revenue reached $1.43 billion, compared with the expected $1.
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