Digital Sales Help Propel Chipotle to Q3 Beats

Eric Volkman, The Motley Fool
·2-min read
Digital Sales Help Propel Chipotle to Q3 Beats
Digital Sales Help Propel Chipotle to Q3 Beats

Chipotle Mexican Grill (NYSE: CMG) released third-quarter figures after market close on Wednesday, and they showed impressive growth in certain line items. In terms of revenue components, the single one that stood out for its growth was digital sales; these grew by almost 203% year over year to $776 million, which comprised almost half of Chipotle's total Q3 take. Not surprisingly in the age of the coronavirus, roughly 50% of all digital sales came from delivery orders.