Chipotle Shares Jump 7% After CEO's Sales Growth Forecast
Chipotle is a big food company in the United States. It sells Mexican-style food. On Wednesday, Chipotle's shares went up by 7%. Shares are small parts of a company that people can buy.
The CEO of Chipotle gave good news. A CEO is the top boss of a company. He said that sales at Chipotle's restaurants will keep growing. This is called same-store sales. It means sales from restaurants that are already open, not new ones.
The news came with Chipotle's Q3 results. Q3 means the third three months of the year. Chipotle said its revenue was higher this quarter. Revenue is all the money a company makes from selling things.
When investors heard the good news, they wanted to buy more Chipotle shares. This made the stock price go up fast. A stock price is how much one share costs.
Many people watch Chipotle because it is a popular restaurant chain. Good sales news often makes investors happy and confident about the future.
Vocabulary15 words
- shares
- small parts of a company that people can buy
- CEO
- the top boss of a company
- same-store sales
- sales from restaurants that are already open
- Q3
- the third three months of the year
- revenue
- all the money a company makes from sales
- stock price
- how much one share of a company costs
- investors
- people who buy shares to make money
- restaurant chain
- many restaurants with the same name and owner
- growth
- getting bigger over time
- quarterly results
- money news a company shares every three months
- popular
- liked by many people
- confident
- feeling sure about something good
- company
- a business that sells things or services
- news
- information about something that happened
- money
- what people use to buy things
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Quiz
Answer key
1. They went up 7% 2. Same-store sales growth 3. It was higher
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Chipotle is a big food company in the United States. It sells _____-style food. On Wednesday, Chipotle's _____ went up by 7%. Shares are small parts of a company that people can buy.
The _____ of Chipotle gave good news. He said that sales at Chipotle's restaurants will keep _____. This is called same-store sales. It means sales from restaurants that are already open, not new ones.
The news came with Chipotle's _____ results. Chipotle said its _____ was higher this quarter. Revenue is all the money a company makes from selling things.
When _____ heard the good news, they wanted to buy more Chipotle shares. This made the stock _____ go up fast.
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