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Business
Aditi Ganguly

After Recently Releasing its Q4 Earnings Report, is Chipotle Still a Buy?

CMG Chipotle

Chipotle Mexican Grill, Inc. (CMG) in Denver, Colo., is a leading fast-casual restaurant chain globally. It is ranked #464 on the Fortune 500 list and is one of Fortune’s most admired companies. CMG released its fiscal 2021 fourth-quarter earnings report on Feb. 8, 2022.

For its fiscal fourth quarter, ended Dec. 31, 2021, CMG’s total revenues increased 22% year-over-year to $2 billion. This can be attributed to a 15.2% rise in comparable restaurant sales and a 3.8% rise in digital sales. The company opened 78 new restaurants in the last quarter. According to CMG Chairman and CEO Brian Niccol, “2021 was an outstanding year for Chipotle, highlighting the strength and resiliency of our brand. Together, we accomplished many incredible things as our passionate employees remained dedicated to delivering excellent guest experiences, aligned with our purpose and values.”

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