Episode 238: Today, Ann unpacks Chipotle&#x27;s stronger-than-expected quarter and why the fast-casual chain was able to shake off an industry-wide food safety scare. Then, it&#x27;s another earnings bonanza as we break down why Meta shares are plunging while Microsoft stock is soaring. Plus, from sneakers to coffee to tacos, what Steve Madden, Starbucks and Yum! Brands’ earnings are telling us. Finally, we put tickers on stickers and fly through the airline earnings that are taking off – even as fuel costs soar. www.brewmarkets.com Subscribe to the Brew Markets newsletter: https://www.morningbrew.com/brew-mark... Follow Brew Markets on social: Instagram: instagram.com/brewmarkets TikTok: tiktok.com/@brewmarkets X: x.com/brewmarkets Follow Ann Berry on social: Instagram: instagram.com/annberry_nyc X: x.com/AnnBerry_NYC Listen to Brew Markets Here: swap.fm/l/9Qk4z73Z2nEwFiCB4qee Watch Brew Markets Here:⁠ https://www.youtube.com/@BrewMarkets Stocks mentioned: $CMG $META $MSFT $SHOO $SBUX $YUM $DAL $UAL $LUV $AAL $ALK $JBLU The content shared on this podcast is for informational and entertainment purposes only and should not be considered financial, legal, or investment advice. Brew Markets, Morning Brew and their hosts are not licensed financial advisors. Listeners should conduct their own research and consult with qualified professionals before making any financial decisions or investments. The views expressed are those of the hosts and guests and do not necessarily reflect the views of Morning Brew or its affiliates. This podcast may include paid endorsements or sponsorships. Learn more about your ad choices. Visit megaphone.fm/adchoices

Chipotle Faces Lettuce Scare & Airlines Defy Fuel Costs

Brew Markets

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Microsoft on its way to the biggest daily market cap gain in history. We examined why the stock is up and why rival Metas is down. Airlines reporting record revenue but spending billions more on fuel. We put tickers on a sticker and race through the sky-high earnings results. And Chipotle, its turnaround recently faced an unexpected stress test, but it appears the burrito chain passed with flying colours.

As we break down why for Thursday, July 30th, it's Brew Markets Daily and I'm Ann Berry. More market details to come, but first, Chipotle shaking off the cyclosporus scaries to deliver a much stronger than expected quarter. The fast-casual dining company ticker CMG today reported adjusted earnings of 33 cents a share just ahead of Wall Street estimates.

Well, eking out that beat was a win as Chipotle absorbed higher food and packaging costs instead of passing them fully on to customers. And another victory lap came as the company blew past revenue expectations.

That top line climbed over 9% to hit more than $3.3 billion with that all-important sector metric, that same-store sales, rising 2.2%, comfortably beating forecasts of just over 1% thanks to both higher traffic and modest menu price increases. Then there was new unit growth that was healthy too for the quarter, 100 company-owned restaurants came to life.

Chipotle Faces Lettuce Scare & Airlines Defy Fuel Costs

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Chipotle Faces Lettuce Scare & Airlines Defy Fuel Costs

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.