Chipotle Mexican Grill (CMG) Tops Q2 EPS by 97c, Comps Climb 31.2%

Chipotle Mexican Grill (NYSE: CMG) reported Q2 EPS of $7.46, $0.97 better than the analyst estimate of $6.49. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.88 billion.

• Comparable restaurant sales increased 31.2%

Outlook:

For 2021, management is anticipating the following:

• Third quarter comparable restaurant sales growth in the low to mid double-digits range
• At or slightly above 200 new restaurant openings
• An estimated effective full year tax rate between 25% and 27%

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

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