Fast-casual Mexican chain Chipotle (NYSE: CMG) reported its quarterly financials in July, and the report was a stunner — not in a good way. The perennial winner in restaurant dining saw a sudden collapse in customer traffic and same-store restaurant sales growth, which hurt the company’s profitability. Chipotle stock sank big time on the news and was down 37% from all-time highs.
Short-term blips in business performance can provide buying opportunities for long-term stock winners. Does this drawdown make Chipotle stock a can’t-miss buy today?
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