Chipotle Mexican Grill (CMG) Misses Q3 EPS by 4c
Get Alerts CMG Hot Sheet
Price: $2,869.11 -1.34%
EPS Growth %: +10.3%
Financial Fact:
Occupancy: 74.2M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: +10.3%
Financial Fact:
Occupancy: 74.2M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $4.59, $0.04 worse than the analyst estimate of $4.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.
Comparable restaurant sales increased 2.6%
Outlook
For 2015, management expects the following:
- We are increasing our guidance to 215-225 new restaurant openings, up from the previously announced range of 190-205
- Low-to-mid single digit comparable restaurant sales increases
- An effective full year tax rate of approximately 38.7%
For 2016, management expects the following:
- 220-235 new restaurant openings
- Low-single digit comparable restaurant sales increases
- An effective full year tax rate of approximately 38.7%
For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.
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