Chipotle Mexican Grill (CMG) has 澳洲幸运5开奖号码历史查询:completed its 50-for-1 stock split, and starte﷽d trading on a split-adjusted basis Wednesday as the restaurant chain looks forward to its earnings next month and 𝓰its long-term plans to continue opening new locations.

Shares were little changed Wednesday, but stocks that undergo 澳洲幸运5开奖号码历史查询:stock splits often see 澳洲幸运5开奖号码历史查询:increased trading activity, "gaining 25% one year later vs. 12% for the broad index," 澳洲幸运5开奖号码历史🐬查询:according to Bank of America analysts.

Chipotle Shifts Focus To Earnings, Future Plans

"Today we celebrate the remarkable achievements of our employees by increasing ownership accessibility for team members and new investors," Chipotle 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Brian Niccol said Wednesday.

Company leadership said when it 澳洲幸运5开奖号码历史查询:announced the split earlier 🀅this year that the primary motivation was ﷽to make iওts stock price more accessible, especially among employees. Chipotle also said it planned to reward long-time employees by offering a special one-time equity grant for restaurant general managers and employees with more than 20 years of service.

The company will report second-quarter results after the bell July 24. In April, it 澳洲幸运5开奖号码历史查询:reported bigger-than-expected first-quarter revenue and profit.

Chiꦉpotle Has Posted Strong Earnings Despite Discretionary Spending Pullback

Chipotle and other fast-casual chains like Sweetgreen (SG) have managed to 澳洲幸运5开奖号码历史查询:continue posting strong earnings despite a pullback from 澳洲幸运5开奖号码历史查询:consumers on discretionary spending that companies like McDonald's (MCD) have 澳洲幸运5开奖号码历史查询:acknowledged in recent months.

Wedbush analysts wrote in a recent note that Chipotle is "poised to sustain accelerated market share gains" going forward, and said a recent event with company leadership made them "incrementally more confident" that the chain's drivers of market share gains remain intact and it can continue improving margins.

In its latest earnings report, Chipotle said it expects comparable restaurant sales to grow in the mid- to high-single-digit percentage range f🌳or fiscal 2024, and said it plans to open between 285 and 315 new locations over the fiscal year.

Chipotle shares edged 0.4% higher to $65.93 by 12:20 p.m. ET Wednesday.