Chipotle Is a Forever Stock. Q3 Earnings Show Why.
Chipotle Mexican Grill (NYSE: CMG) has been a big winner during the pandemic, but its third-quarter earnings report made clear why the fast-casual restaurant chain is one of the best in the industry. The company set new records in quarterly revenue and profits, posting 15.1% comparable sales growth, and 24.7% growth on a two-year stacked basis. While the stock is pricey following its blowout growth during the pandemic, the recent report shows why Chipotle is joining the ranks of blue-chip stocks, or names that you can comfortably buy and hold knowing they'll deliver reliable results.
