Chipotle Mexican Grill (CMG) Tops Q1 EPS by 22c; Comps Rose 10.4%

Chipotle Mexican Grill (NYSE: CMG) reported Q1 EPS of $3.88, $0.22 better than the analyst estimate of $3.66. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.11 billion.

Comparable restaurant sales increased 10.4%

Outlook

For 2015, management expects the following:

• 190-205 new restaurant openings
• Low-to-mid 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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