Bill Ackman Exit Puts Chipotle’s Premium Growth Reset Under Scrutiny
Bill Ackman’s Pershing Square has fully exited its stake in Chipotle Mexican Grill (NYSE:CMG) after the company reported its first year over year same store sales decline since 2006. Chipotle is responding by focusing more on higher income customers, keeping its premium brand positioning rather than leaning on discounts. Management is also emphasizing efficiency and a pipeline of new restaurant openings as it rese…
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