Chipotle (NYSE:CMG) Mexico debut is a growth test, not an earnings turn
Chipotle Mexican Grill will open its first restaurant in Mexico on Thursday, but the launch will leave partner-operated outlets, which another company runs day to day, at fewer than four in every 1,000 Chipotle stores worldwide. On the company’s own figures, Mexico is still an option on future growth rather than a near-term answer to soft U.S. sales.