🟢 Chipotle Mexican Grill is trading 12.5% up today after Q2 earnings and share buyback update

Chipotle Mexican Grill is trading 12.5% up today at $38.52 after investors digested its Q2 earnings release and a robust share repurchase program.

• The company reported 9.3% revenue growth and 2.2% comparable sales growth for the second quarter, with earnings per share remaining flat.
• Management highlighted an active share buyback program, with repurchases executed at an average price of $32.55 per share.
• The stock is also benefiting from a broader market rebound in the consumer discretionary sector, which has improved sentiment toward restaurant stocks.