Chipotle Mexican Grill (CMG) Tops Q4 EPS by 11c, Comps Increase 13.4%, Offers Guidance

Chipotle Mexican Grill (NYSE: CMG) reported Q4 EPS of $2.86, $0.11 better than the analyst estimate of $2.75. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.4 billion.

Comparable restaurant sales increased 13.4% with no net impact from loyalty deferral, and included 8.0%

Outlook:

For 2020, management is anticipating the following:

• Mid-single digit comparable restaurant sales growth
• 150 to 165 new restaurant openings
• An estimated effective full year tax rate between 26% and 29%

For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.

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