Smoked Brisket Helps Chipotle Beat Earnings Estimates

The transcript discusses Chipotle's Q4 financial performance, highlighting a 15.2% increase in comp sales and revenue surpassing estimates. Despite inflationary pressures, the company has managed to offset costs through menu price increases. The market reacted positively, with shares rallying post-earnings. Challenges such as Omicron and inflation are expected to impact future performance. Chipotle's pricing power is analyzed, noting aggressive price increases. The company plans to expand its footprint with more Chipotle lanes, despite high competition for prime locations.

What was the percentage increase in Chipotle's fourth quarter comp sales?

• 16.0%

• 14.8%

• 15.2%

• 15.0%

Which cost pressures did Chipotle specifically mention in their release?

• Chicken and dairy

• Seafood and grains

• Pork and vegetables

• Beef and freight

What factor contributed to the relief rally in Chipotle's shares?

• Snapback rally after a share sell-off

• Higher than expected operating margin

• Increase in new restaurant openings

• Significant margin pressure

How many Chipotle restaurants are planned for North America according to the new goal?

• 8000

• 7000

• 6000

• 5000

What is a significant challenge in acquiring sites for Chipotle lanes?

• Regulatory hurdles

• Lack of consumer interest

• Insufficient funding

• High demand and competition