Chipotle poised for best year since 2013 thanks to new CEO Brian Niccol

Less than a year after taking the helm as CEO of Chipotle Mexican Grill[1], Brian Niccol is still scoring big with investors, fueling the burrito chain’s best year since 2013.

Sales took a hit in late 2015 and throughout 2016 in the wake of several outbreaks of Norovirus and E. coli, but rebounded in 2017. Easy comparisons boosted same-store sales growth dramatically, but those figures have since settled into more steady growth.

Chipotle is expected to report its fourth quarter earnings in February. Analysts currently expect same-store sales growth to be up 4.2 percent, according to data compiled by FactSet. For comparison, industry-wide same-store sales tend to rise an average of 1 to 2 percent.

References

  1. ^ Chipotle Mexican Grill (www.cnbc.com)