Big burrito business: Chipotle’s stock price will astound you
- $22 the cost to buy a share of Chipotle when its IPO hit back in 2006
- $44 the cost to buy a share of Chipotle later that day — it doubled in a day
- $435 the cost to buy a share of Chipotle’s stock in 2012 (wow) source
» A hugely profitable firm: Despite the fact that the company (which split from McDonald’s in 2006) had to raise prices at some of its stores, it did really well in its recent earnings announcements, with a 35 percent increase in profits in its most recent quarter, to $62.7 million. The company has managed to keep labor prices down and ramp up its continued growth, despite an audit by the U.S. Immigration and Customs Enforcement agency that led to the firing of hundreds of employees in the DC region. Chipotle remains one of the fastest-growing restaurant chains in the industry, benefitting greatly from its focus on organic ingredients.
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