Chipotle Mexican Grill CMG

Chipotle Mexican Grill has recently reported strong second-quarter earnings, with net sales hitting $2.21 billion and a 17% increase year-over-year. The company plans to implement a 4% price hike in August to enhance profitability. Earlier this year, despite challenges including rising costs and a bear market affecting its shares, Chipotle launched new menu items and saw optimistic earnings forecasts from analysts. Notably, employees at one location have initiated a historic move to unionize, which could impact labor dynamics as the company navigates pricing strategies and expanding operations.