Jul 24, 2019

Chipotle's stock soars to new highs under CEO Brian Niccol

Data: Money.net; Chart: Axios Visuals

Chipotle's stock has surged by nearly 200% since Brian Niccol was announced as the company's new CEO, more than any other stock in the S&P 500.

Driving the news: Shares got another boost Tuesday after the company beat earnings expectations and rose to their highest price ever. The stock jumped 4% in after-hours trading and is now up more than 70% for the year.

By the numbers:

  • Earnings per share: $3.99, adjusted, vs. $3.76 expected.
  • Revenue: $1.43 billion vs. $1.41 billion expected.
  • Same-store sales growth: 10% vs. 8.33% expected.
  • Fiscal second-quarter net income rose to $91 million, from $46.9 million a year earlier.

Background: Niccol took over Chipotle's top job from founder Steve Ells in 2018 after leading a product renaissance at Taco Bell with a new focus on the company's late-night menu and social media branding.

  • He's provided a similar spark at Chipotle, pushing the brand to focus on increasing digital orders, customer loyalty programs and menu innovation.
  • Taco Bell has continued Niccol's irreverent style, even upping the ante by releasing a clothing line with Forever 21, announcing a resort for loyal customers and even offering weddings at one location.

Go deeper: Fast food drive-throughs are struggling to keep up with long lines

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Facebook beats earnings, reports new FTC antitrust probe

Photo: Thomas Trutschel/Photothek via Getty Images

Facebook's stock was up nearly 4% in after-hours trading Wednesday after the company beat investor expectations for earnings, user growth and revenue.

Yes, but: The positive earnings were accompanied by several pieces of bad news.

  • Facebook announced that the Federal Trade Commission told it in June that the agency had opened an antitrust investigation into the company. 
  • It also will set aside $2 billion, on top of $3 billion set aside last quarter, to pay a historic $5 billion fine that the FTC officially levied on the company today.
Go deeperArrowJul 24, 2019

Fast food's digital revolution is bringing all-time high stock prices

Illustration: Sarah Grillo/Axios

Investors are scrambling to get their hands on next-generation meatless and agrifood technology companies, but the past couple of years have proven very lucrative for old-fashioned fast-food chains.

Why it matters: While legacy brands like Kraft Heinz and Campbell's are losing market share as consumers' tastes and shopping habits change, fast-food legacy names like McDonald's and KFC/Taco Bell owner YUM! Brands are seeing all-time high stock prices.

Go deeperArrowJul 30, 2019

Lyft stock price up after strong revenue and raised outlook

Lyft listing on the Nasdaq. Photo: DON EMMERT/AFP/Getty Images

Lyft's share price is up by more than 11% after the company's Q2 earnings beat analyst revenue expectations, but also posted much wider losses than predicted (largely because of IPO-related stock compensation).

The big picture: Lyft also raised its sales outlook for the year to roughly $3.5 billion.

Go deeperArrowAug 7, 2019