A Heard on the Call report following 2Q earnings
Higher food and legal costs are pressuring margins at Chipotle Mexican Grill, but officials at the fast-casual chain remain focused on growth opportunities ahead, including European expansion, the launch of a new concept and the possible addition of breakfast. In a call to analysts Tuesday following its June 30-ended second quarter results, Chipotle officials upgraded estimates of food cost inflation for the year. John Hartung, Chipotle’s chief financial officer, previously estimated ...
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