Chipotle Mexican Grill has been able to thrive even in the face of a slowing economy and high inflation, according to CNBC’s Jim Cramer. The restaurant chain has been able to improve its operations, particularly in terms of throughput, which has allowed them to serve more customers in a shorter amount of time. This improvement is not dependent on GDP or inflation trends, making it a valuable asset in the current market conditions.
Cramer emphasized the importance of looking for companies with strategies like Chipotle’s in the current market environment, as factors like bond market interest rates may continue to impact equities. He believes that companies with a focus on self-help initiatives could be the “antidote” to broader economic worries that are affecting the market. Despite the challenges posed by a slowing economy and persistent inflation, Cramer remains optimistic about investing in the market. He highlighted the success of companies like Chipotle as evidence that there are opportunities for growth and success even in challenging economic conditions.
