Chipotle’s Swoon Could be Longer Lasting Than Google’s
Chipotle (CMG) would have been huge news today, if Google’s (GOOG) stock drop hadn’t hogged all the attention.
No telling for sure at this point, but Chipotle’s long-term worries could be bigger than those at Google. The fast food company reported net income two cents a share below expectations -- $2.27 instead of $2.29 – which is not such a big deal. But the bigger disclosure was the expectation that in 2013, same store sales growth is expected to be “little changed to low-single digit,” Bloomberg reported.
Not terribly surprising that Chipotle’s growth is slowing. These things can’t go on forever.
CMG Revenue TTM data by YCharts
Doesn’t help that hedge fund manager David Einhorn has been trashing Chipotle. He won a lot of credibility earlier when he took on Green Mountain Coffee Roasters (GMCR).
From the editors of YCharts, which includes the just-released YCharts Pro Platinum for professional investors.
Filed under: Company Analysis
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