Chipotle Mexican Grill (CMG) Tops Q2 EPS by 21c, Revenues Beat

Chipotle Mexican Grill (NYSE: CMG) reported Q2 EPS of $0.40, $0.21 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.32 billion.

"I want to thank all of our employees for delivering excellent guest experiences, supporting our restaurants, and supporting each other during these challenging times," said Brian Niccol, Chairman and CEO, Chipotle. "Our investment in digital over the past few years has provided our customers with convenient access to Chipotle how and where they want it. We'll continue to invest in elevating the digital experience, including opening more Chipotlanes, while innovating with new culinary offerings such as cauliflower rice, organic beverages and quesadillas. I'm confident we will finish 2020 with good momentum and be well positioned for the long run."

• Comparable restaurant sales declined 9.8%
• Digital sales grew 216.3% and accounted for 60.7% of sales for the quarter
• Restaurant level operating margin was 12.2%, a decrease of 8.7%

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

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