Chipotle Shares Rise 8.44% as Customer Traffic Improves
Chipotle shares rose 8.44% to $31.155 at noon ET on October 29, as investors welcomed improving customer traffic. The report also cites increasing labor costs.
Chipotle NYSE:CMG shares rose 8.44% to $31.155 at 12 pm. ET on October 29 as investors welcomed improving customer traffic. But the restaurant operator still has work to do: more visits need to deliver more profit. The earnings reaction puts the spotlight on whether recovering demand can outpace ri…