Chipotle Mexican Grill (CMG) shares are falling after the company's third quarter results showed revenue and comparable sales missed analyst estimates. Chipotle CFO Adam Rymer joins Yahoo Finance Executive Editor Brian Sozzi, Seana Smith and Brad Smith on the Morning Brief.

“We had a really strong quarter,” Rymer tells Yahoo Finance, explaining the Mexican fast-casual chain "started off in the quarter a little bit soft because of the summer seasonality,” but he notes the company saw “nice steps up in August and also September” fueled by school starting back up and the “really successful launch" of smoked brisket on its menus.

The upward trend continued into October, he says: "We're really excited about the trend that we're on right now."

The CFO comments that Chipotle's brisket supply will get the company through "the end of the year without a problem. And so we've been able to secure, with the help of our supply chain team, a really healthy supply.” He notes that Chipotle is testing new honey chicken items at Sacramento and Nashville locations.

Amid leadership changes the company, with interim CEO Scott Boatwright stepping up after Brian Niccol's departure to Starbucks (SBUX), Rymer says the company remains disciplined in its ongoing strategy.

“I think you're going to see more of the same from a financial standpoint. We have an amazingly strong balance sheet, amazing economic model. We're able to invest in these premium ingredients, yet really have an accessible price point. And so I think you're going to see a lot of the same continue because the strategy is working. And it's been a really successful run up until this point.”

For more on Chipotle’s plans to open new locations with “Chipotlane” drive-throughs, how the restaurant is using automation, and more, watch the video above.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Naomi Buchanan.