- Chipotle presented on Tuesday it was poaching Taco Bell CEO Brian Niccol to take the mantle as its fresh chief executive.
- The restaurant’s stock performance on Wednesday is barely worried of its most attention-grabbing day to day performance since Oct. 18, 2013 when it won sixteen.1 percent.
- The firm remains bigger than sixty six percent off its all-time high of $758.49, which it posted on Aug. 5, 2015, honest earlier than the stories about its first string of meals-security points.
Shares of Chipotle Mexican Grill persisted to rally on Wednesday, only one day after the firm presented it was poaching Taco Bell CEO Brian Niccol to take the mantle as its fresh chief executive.
While menu note will increase helped Chipotle in the fourth quarter, the firm expects traffic to continue to wander all over thru the middle of the year.