Chipotle Mexican Grill (CMG) Tops Q2 EPS by 1c; Comps Up 5.5%; Guides

Chipotle Mexican Grill (NYSE: CMG) reported Q2 EPS of $2.82, $0.01 better than the analyst estimate of $2.81. Revenue for the quarter came in at $816.8 million versus the consensus estimate of $802.8 million.

Comparable restaurant sales increased 5.5%

For 2013, management expects the following:

* 165 – 180 new restaurant openings
* Low to mid single digit comparable restaurant sales
* An effective full year tax rate of approximately 38.9% (39.4% for the remainder of 2013).


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

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