Chipotle Reports Excellent Avocado News, Middling Sales News

When Chipotle greeted investors to report earnings for the second quarter of the year on Tuesday, attention immediately flew to the company’s comparable sales (for stores open at least 13 months), which were up 4.3 percent. For a lot of restaurants, that would be something to celebrate. When KFC and Taco Bell reported fourth-quarter comps growth of 4 percent and 7 percent respectively earlier this year, those figures qualified as “strong.” McDonald’s, which has watched...

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