Chipotle Mexican Grill (CMG) Tops Q3 EPS by 31c, Offers Guidance
Get Alerts CMG Hot Sheet
Price: $2,906.77 -0.57%
Revenue Growth %: +10.4%
Financial Fact:
Income from operations: 9.73M
Today's EPS Names:
SHIM, KOD, HEWA, More
Revenue Growth %: +10.4%
Financial Fact:
Income from operations: 9.73M
Today's EPS Names:
SHIM, KOD, HEWA, More
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Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $4.15, $0.31 better than the analyst estimate of $3.84. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.06 billion. Comparable restaurant sales increased 19.8%
Outlook
For 2014, management expects the following:
- 180 - 195 new restaurant openings
- Mid-teens comparable restaurant sales increases
- An effective full year tax rate of approximately 38.5%
For 2015, management expects the following:
- 190-205 new restaurant openings
- Low to mid-single digit comparable restaurant sales increases
- An estimated effective tax rate of 39.1%
For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.
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