Chipotle leads modern fast food Q1 with revenue beat, Shake Shack lags

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Chipotle reported first-quarter revenues of $3.09 billion, up 7.4% year on year and slightly above analyst expectations, while Shake Shack posted the weakest results among the six modern fast food stocks tracked. CAVA delivered the strongest performance with revenues of $438.3 million, a 32.1% increase that beat estimates by 4.7%, and Wingstop's revenues of $183.7 million fell 2.4% short of expectations. Sweetgreen's revenues declined 2.9% to $161.5 million, missing estimates, and the group as a whole saw revenues in line with consensus. On average, share prices across the six stocks have declined 3.2% since their latest earnings reports.

Impact on stocks 5

Consumer Discretionary± Mixed · 5 stocks
CAVA Group, Inc.
CAVA
▲ PositiveDemandrelevance

CAVA delivered strongest performance with revenues up 32.1%, beating estimates by 4.7%

Sweetgreen Inc
SG
▼ NegativeDemandrelevance

Sweetgreen revenues declined 2.9% to $161.5M, missing estimates

Shake Shack Inc
SHAK
▼ NegativeDemandrelevance

Shake Shack posted the weakest results among the six modern fast food stocks tracked

Wingstop Inc
WING
▼ NegativeDemandrelevance

Wingstop revenues of $183.7M fell 2.4% short of expectations