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StockNews.com
Business
Rjkumari Saxena

As Chipotle Shares Drop, Is This a Buying Opportunity?

Chipotle Mexican Grill, Inc. (CMG), which owns and operates Chipotle Mexican Grill restaurants, reported fiscal 2024 second-quarter results. The company easily surpassed the analysts' EPS and revenue estimates in the reported quarter.

For the second quarter, CMG’s EPS of $0.34 beat the consensus estimate by $0.02, and its revenue of $2.97 billion was higher than the analyst estimates. The company continued its stellar earnings history, beating the consensus EPS estimate in each of the trailing four quarters.

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