Chipotle Reports Strong Q2 Earnings, Addresses Portion Size Concerns

The fast-casual chain sees significant revenue growth and commits to consistent serving sizes amid customer feedback.

Chipotle's Q2 revenue increased by 18.2% to $2.97 billion, surpassing Wall Street expectations.
Same-store sales grew by 11.1%, driven by successful brand marketing and menu innovations.
CEO Brian Niccol emphasized the company's commitment to generous portions, retraining 10% of stores with inconsistent serving sizes.
Despite social media backlash over portion sizes, Chipotle's stock rose over 4% in after-hours trading.
The company plans to open 285 to 315 new locations in 2024, with a focus on drive-through 'Chipotlanes.'