beat estimates for earnings and comparable quarterly sales on Tuesday but warned that higher beef and freight costs will offset the benefit of menu prices hikes in the near term.
Sales at the burrito and bowl chain, which had already recovered during the COVID-19 pandemic, grew even stronger as restrictions eased and Americans trickled back to offices and ordered more lunch. Comparable sales rose 31.2%, ahead of Wall Street expectations of 29.4% growth, according to IBES data from Refinitiv.
𓃒𓃒 𝙴𝚒𝚍 𝙼𝚞𝚋𝚊𝚛𝚊𝚔 𓃒𓃒 Assalamualaikum! تَقَبَّلَ اللّٰهُ مِنَّا وَمِنْكُمْ Eid Mubarak!May this Eid bring solidarity and empathy to all of our hearts.May Almighty Allah bestows his blessings upon everyone. May Allah keeps you & your family safe, sound & happy always.
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