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Chipotle Mexican Grill (CMG) posted second quarter results that topped analyst estimates on both the top and bottom lines. Adjusted earnings of $0.34 per share was better than the expected $0.32. Revenue of $3.0 billion just beat the estimate of $2.94 billion. Comparable sales rose 11.1%, which was also better than the 9.23% the Street was expecting.
Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the restaurant chain's results in the video above.
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This post was written by Stephanie Mikulich.