— Chipotle Mexican Grill (NYSE: CMG) reported earnings of $2.86 per share in the fourth quarter of 2019, vs $2.75 per share expected.
— Total revenue rose 17.6% to $1.4 billion, in line with street projection, driven by a 13.4% increase in comparable restaurant sales and new restaurant openings.
— Digital sales grew 78.3% and accounted for 19.6% of sales.
— Opened 80 new restaurants in Q4.
— For 2020, company expects mid-single digit comparable restaurant sales growth. Chipotle also plans to open 150-165 new restaurants during this period.
— CMG shares gained 2.3% immediately following the announcement.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard