Chipotle Mexican Grill (CMG) Tops Q4 EPS by 29c, Comps Climb 15.2%

Chipotle Mexican Grill (NYSE: CMG) reported Q4 EPS of $5.58, $0.29 better than the analyst estimate of $5.29. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.95 billion.

• Comparable restaurant sales increased 15.2%

Outlook:

For 2022, management is anticipating the following:

• First quarter comparable restaurant sales growth in the mid to high single digits range
• Between 235 to 250 new restaurant openings (including 5 to 10 relocations to add a Chipotlane), which assumes construction and permit delays related to COVID-19 don't worsen
• An estimated underlying effective full year tax rate between 25% and 27% before discrete items

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

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