This seat is not open, but you're listening. It's Motley Full Money. I'm Ricky Mulby joined today by San Meet

San Meet, how we doing?

Hey Ricky, good.

Let's talk Chipotle.

Because if the restaurant industry is hurting,

don't tell this fast casual chain.

Chipotle just posted earnings yesterday. Revenue up 18%.

Same store sales number caught my attention at 11%. Thank you pricing hikes for

Chipotle shareholders. They also opened up 52 new restaurants in the quarter.

And this is a smaller detail, but I like to see it. They achieved their goal of promoting 90% of people from within the company.

Those are a menu of takes for your Chipotle order.

What are your headlines?

Yeah, so you know a component of that same source sales growth of 11%, a key part of that was transaction growth was about 8.7% and they're continuing to see that drive their sales growth and they're seeing it in the next couple, in the next quarter with, you know, early signs in July.

And this is a good indicator because it just, it means that customers are buying more

and their sales are being driven by that rather than just price increases.

And they're seeing transaction growth across all income cohorts.

So that was one big key takeaway.

Another one was that they're seeing actually a very healthy consumer that's spending.

And they're also very positive on the restaurant industry in general.

So I like to see that kind of macro insight there.

And they are pumping the breaks on price increases they would

prefer not to do them if they can they will if they need to but they they did

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