Chipotle Mexican Grill: When Bad News is Good News

From Stocks To Watch Today
January 10, 2017 - 10:58am

The bad news keeps coming for Chipotle Mexican Grill (CMG)...but the market doesn't seem to mind. This morning, Chipotle Mexican Grill forecast a 4.8\% decline in same-store sales--below forecasts for a drop of 3.5\%--while predicting  fourth-quarter earnings-per-share between 50 cents and 58 cents, below analyst expectations for 96 cents, on sales of $1.04 billion, below forecasts for $1.05 billion. Still, Chipotle's shares are rising today. Bernstein's Sara Senatore hazards a guess as to why:

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