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Chipotle's Comparable Store Sales Growth Impresses

publication date: Jul 25, 2024
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Image: Chipotle’s stock has done quite well since the beginning of 2023. 

Looking to 2024, Chipotle's full year comparable restaurant sales growth is expected in the mid to high-single digit range, while the firm expects to open a total of 285 to 315 new restaurant openings in the year with over 80% having a Chipotlane drive thru. We liked Chipotle’s second quarter results, especially the pace of its comparable store sales increase, and the firm remains a key idea in the portfolio of the Best Ideas Newsletter.


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