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7 Stocks To Buy After The Market Crash: CMG, C, INTC, HOG


Stocks to Buy: Chipotle Mexican Grill (CMG)
Source: Northfoto / Shutterstock.com
Newport Beach, California-based Chipotle Mexican Grill operates Chipotle Mexican Grill restaurants, serving a menu of burritos, tacos, burrito bowls, and salads.
Chipotle released second-quarter results in mid-July. Revenue increased 38.7% year-over-year (YOY) to $1.9 billion. Net income was $188 million, up from $8.2 million. Adjusted diluted earnings per share (EPS) stood at $7.46, surging from 40 cents in the prior-year quarter.
CEO Brian Niccol cited, “We remain confident in our key growth strategies and believe they will help us achieve our next goal of $3 million average unit volumes with industry-leading returns on invested capital that improve as we continue to add Chipotlanes.” ....

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Old Shrine Club in FWB demolished to make way for new Chipotle


FORT WALTON BEACH  Officials from Newport Beach, California-based Chipotle Mexican Grill plan to open a Chipotle restaurant this summer at the site of the former Fort Walton Beach Shrine Club.
The old Shrine Club building at 227 Carol Ave., off Mary Esther Cut-Off and just northeast of the Golden Corral restaurant, recently was demolished.
Fort Walton Beach officials approved an expedited development order for the restaurant last October, according to city Growth Management Director Chris Frassetti.
“We’ve been waiting on their building permit submittals, which included their need to pick a general contractor,” Frassetti said Wednesday. “They submitted the remaining permit documentation to us last Thursday.” ....

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