Chipotle Sales Surge With Online Orders

record third-quarter sales Wednesday due to a boom in online orders, but increased delivery costs cut into the company’s net income.Photo by Michael Brochstein/SOPA Images/LightRocket via Getty ImagesFrom June 30 to September 30, revenue rose 14.1% over the same quarter last year to $1.6 billion, with digital sales spiking 202.5% year over year, making up 49% of total revenue, and same-store sales jumping 8.3%.

However, net income fell to $80.2 million from $98.6 million last year as restaurant-level operating margins dropped because of higher delivery expenses and beef prices, more steak orders and fewer sales of high margin beverages, the company said. Nearly half of all digital sales were delivery, Chipotle said, while the other half were pickup orders.Even though the company’s earnings beat analysts estimates, Chipotle shares still fell 4% in after hours trading, likely due to sky-high expectations, according toThough Wall Street was disappointed, Chipotle’s record sales show that a few national chains are making due during the pandemic.

chipotle add a 2nd production line for online orders! Only making walk-in customers pissed off!

But of course, me need shares yah now🙄🤷🏿‍♀️

Ain't killed me yet

Wow because food delivery company FAKES are scamming them! Chipotle ChipotleTweets in Easton PA scammed us multiple times recently!

Of course they do! It’s much safer to eat ChipotleTweets knowing that when you inevitably get bloody diarrhea at least you’re already home.

Witnessed this first hand yesterday.. not fun. I got a very rushed and messy asada burrito. It was fire just messy

I contribute at least $120/month

I'm not shilling, but they make it easy with the app. In, out, on with the day.

🙌🏻🙌🏻🙌🏻

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