Analyst: 'Chipotle's been doing quite well'

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Chipotle Mexican Grill (CMG) has been on a tremendous growth trajectory. Ahead of its fourth-quarter earnings report due out February 6, Citi Director of Equity Research Jon Tower joins Yahoo Finance Live to discuss Chipotle's success. He says the company is "likely going to continue to see share gains." Tower says Chipotle "has been doing quite well" and he expects strong fourth-quarter earnings as Chipotle "likely outpaced" the rest of the industry. He notes the fast-casual chain satisfies customers by providing ample food for the money spent, along with new menu items. While the restaurant industry has seen "softness" due to a consumer spending slowdown, especially among lower-income groups, Tower says "Chipotle has seen that group do remarkably well." #youtube #chipotle #food About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-01-26 · Watch on YouTube ↗
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