Across sectors, we're seeing many leading retailers cut back on their store openings due to the weakened economy. But Chipotle Mexican Grill is still growing as if gas prices are $2 a gallon and milk isn't a middle-class luxury.It still has great numbers. The chain, which has plans to open 130 to 140 new restaurants this year on top of its current 775, posted a 7.1% same-store sales increase during its second quarter - a lot of retailers would kill for right now - along with a 23% profit hike.But apparently Wall Street was not impressed. It's stock closed at $67.30 per share yesterday from a high this week of over $88.We know the chain is highly popular but were surprised to see that it hasn't tempered back its store openings a bit. At the same time, we were impressed that Chipotle's numbers have held up so well. Is Wall Street overreacting, or are we bound to see the concept get hit hard like others of late?

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.