NEW YORK, NY / ACCESSWIRE / October 25, 2017 / Shares of Chipotle sank in after-hours trading on Tuesday after revealing a dismal third-quarter report. Shares of McDonald's saw some green after its earnings report and announced some positive news about food delivery goals by the end of the year and lower priced foods for next year.

RDI Initiates Coverage on:

McDonald's Corporation
http://www.rdinvesting.com/report/?ticker=MCD

Chipotle Mexican Grill, Inc.
http://www.rdinvesting.com/report/?ticker=CMG

McDonald's Corporation shares had a modest close in the green on Tuesday on trading volume that was roughly double compared to usual. The fast-food giant announced third-quarter results this week that revealed U.S. sales had risen 4.1% in existing locations. The company's CEO Steve Easterbrook cited, "We are serving more customers, more often." Thanks to low priced foods valued at $1 and $2, the company has been seeing more sales. McDonald's said it would be offering more cheap foods next year as well. For the third quarter, the Illinois-based company revealed net income of $1.88 billion, or $2.32 per share. Adjusted earnings were $1.76 per share, which was higher than the $1.75 expected by Wall Street. Revenue for the quarter was $5.75 billion and was a decrease from the year-ago period of 10%. It also missed expectations of $5.8 billion. The company also announced that by the end of the year, around 5,000 of its 14,000 locations in the U.S. would have food delivery.

Access RDI's McDonald's Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=MCD

Chipotle Mexican Grill, Inc. shares closed up 1.20% on Tuesday with a little under 3 million shares traded. Despite the close in the green, it was in after-hours trading that shares started to plummet after the company reported its earnings. It was a big earnings miss for the burrito restaurant chain yesterday that sent shares of the stock down 9.5% in extended hours. Sales at restaurants open at least 13 months saw a 1% increase but analysts had expected a 1.2% increase. Chipotle also revealed that it would be raising its prices by roughly 5% in almost 900 stores next month and that it would be opening 130 to 150 stores next year. Previously the forecast was 195 to 210 stores. The company's CEO Steve Ells remarked in an interview, "We're going to slow down just a little bit, but this is a temporary slowdown for 12 to 18 months. You have to get the fundamentals right first. Looking inward and understanding where you made mistakes in the past helps you set up for change."

Access RDI's Chipotle Mexican Grill, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=CMG

Our Actionable Research on McDonald's Corporation (NYSE: MCD) and Chipotle Mexican Grill, Inc. (NYSE: CMG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com