Free burritos lure Chipotle loyalists, but will sales follow?
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Chipotle (CMG) Plans to Mail ~21M Cards for Free Burritos; Sees Recent Norovirus Incident as 'Non Event'
March 16, 2016 10:48 AM EDTChipotle Mexican Grill (NYSE: CMG) Chief Creative Officer Mrk Crumpacker said today 5.3 million people requested a burrito 'rain check' and that the company has mailed out 6 million cards for free burritos, according to Bloomberg headlines. Overall, 67 percent of customers redeemed the... More
Chipotle's (CMG) Traffic Improvement in Feb. More Significant than Comps Suggest - BTIG
March 16, 2016 9:12 AM EDTBTIG affirms Chipotle Mexican Grill (NYSE: CMG) with a Buy rating and $530 price target following CMG's sales update on Tuesday night.
Analyst Peter Saleh summarized: While on the surface the same-store sales results for February and March are disappointing, we believe investors... More
