
Chipotle’ (CMG)s A “Challenged Company,’ Says Jim Cramer
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Chipotle’ (CMG)s A “Challenged Company,’ Says Jim Cramer
Chipotle Mexican Grill, Inc. (NYSE:CMG) reported its third-quarter earnings earlier this week and saw its revenue of $3 billion miss analyst estimates. The firm also cut its same-store sales forecast yet again. Cramer discussed whether recent results were an important reflection of the economy: “It’s a challenged company”
Chipotle Mexican Grill, Inc. (NYSE:CMG) reported its third-quarter earnings earlier this week and saw its revenue of $3 billion miss analyst estimates of $3.03 billion. The firm also cut its same-store sales forecast yet again. Naturally, the shares fell by 13% in extended trading, and Cramer discussed whether recent results were an important reflection of the economy:
Chipotle’ (CMG)s A “Challenged Company,’ Says Jim Cramer
“I’m not sure because Kevin Hochman, from Brinker, it’s big, Chili’s, did not say that. I didn’t get that, actually, I didn’t get that verbiage from any of the restaurant companies. It’s a challenged company, the comps did decline in low single digits, this is Chipotle, this is Chipotle, and it has, I will say it, lost its way.
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Source: https://finance.yahoo.com/news/chipotle-cmg-challenged-company-says-192940124.html
