Research Feed
CMG: HEAP Comp Lift Is Unverifiable—Size for 60/40 Uncertainty
Chipotle's comp sales went negative (-1.7%) for the first time since IPO, and management guides "about flat" for 2026. The stock sold off -30% YTD to $39.93. But management claims high-efficiency equipment (HEAP) at 350 stores is driving "meaningful improvement in comp sales," expanding to 2,000 by