More diners are eating at Chipotle despite higher prices, bucking Wall Street’s concerns about restaurants

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chipotle shares jumped 6.2% after hours wednesday after the chain posted a surprise same-store sales gain for the first quarter. the company pulled it off despite raising prices — bucking wall street's worry that higher menu costs would scare off diners.

chipotle's customers kept coming, even as other fast-casual chains reported slowdowns. the sales gain was a surprise because analysts had expected a decline. the stock move suggests investors were caught off guard by the resilience.


source: marketwatch_top
sentiment: +0.70 · impact: 0.60