Chipotle stocks went 10 percent higher

April 26, 2018 - By Edwin Martin

Chipotle stocks went 10 percent higher

Chipotle stocks went 10 percent higher

While its prices in menu are going up, experts believe it means only new level of earnings for Chipotle. Yesterday’s report on earnings for the 1st financial quarter is also the first time when Brian Niccol, the CEO of fast food chain will address directly to investors of Chipotle.

Vision of the whole company is not revealed in Chipotle’s earnings report. However, investors will hear more from Niccol in the nearest meeting.

Stocks of the company received 10 percent increase this Wednesday after the company has posted their earnings reports, which were better-than-predicted. At the same time, the prices are rising for Chipotle products since 2017, April month.

Official data say that average check went up by 4.9 percent only during last financial quarter. It does not mean, that Chipotle add new ingredients to the food, made the quality of food or size of food bigger and better. They just raised prices.

In January Chipotle raised the prices for the last time. They increased by 7 percent at maximum. Last year, Chipotle’s shares did not grow up at the market.

Before Niccol has joined the team, Chipotle suffered from slump in sales. He was a CEO in Taco Bell, and he definitely took Chipotle as another challenge.

Niccol has joined the company this March. Investors hope to see refreshing of once popular brand. They want him to revitalize fast food chain.

Niccol is well known for his affection with new technologies, marketing innovations, and experts believe it is just what Chipotle currently needs.

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