Chipotle stock took a hit after hours, falling 6% after the company announced its second quarter results. Too much enthusiasm had been built into the price, because the company showed positive numbers all around. Same store sales rose 4.3% and revenues were up 14% over second quarter 2014, which was also a strong year. The stock had followed revenues, and was also up about 14% over 12 months.
By another important measure, Chipotle is undoubtedly in growth mode: it opened 48 stores in the second quarter, bringing the total of new Chipotle stores opened in the last six months to 97. Chipotle expects to open between 190 and 205 restaurants this year.
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