Chipotle Mexican Grill’s (NYSE: CMG) shares were up 1.8% in mid-day trade on Thursday after the company announced menu changes that have sparked optimism among analysts about growth in the coming year.
Chipotle said it would roll out a Supergreens salad mix this week which would comprise of hand-cut romaine along with baby kale and baby spinach, replacing the romaine-only salad base. The company also made its grilled, Adobo chicken Whole30 compliant by switching the oil in its marinade.
Chipotle’s Lifestyle Bowls had helped digital sales growth hit the $1 billion milestone recently. The company is innovating and expanding its Lifestyle Bowls and offering free delivery for the whole of January. This strategy is aimed at customers with health-related New Year resolutions and helps stick to various dietary choices such as vegetarian, vegan, keto and paleo.
Last month, Chipotle announced that it is testing a new restaurant design to better support its billion-dollar digital business and that the design will be trialed in four new restaurants.
Chipotle beat revenue and profits estimates in its most recent quarter, recording double-digit growth in both the top and bottom line numbers. The company will report its fourth quarter results on February 4, 2020.
Chipotle’s shares have gained 93% in the past one year.
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers
Shareholders of online furniture retailer Wayfair Inc. (NYSE: W) have been speculating about their returns for long, with the stock not making any meaningful gains in the past several months.