Chipotle Mexican Grill (CMG) Tops Q4 EPS by 41c

Chipotle Mexican Grill (NYSE: CMG) reported Q4 EPS of $1.72, $0.41 better than the analyst estimate of $1.31. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.19 billion.

Comparable restaurant sales increased 6.1%, which included 2.0% of comparable restaurant transactions growth

Full Year 2019 Outlook

For 2019, management is anticipating the following:

• Mid-single digit range comparable restaurant sales growth
• 140 to 155 new restaurant openings
• An estimated effective full year tax rate between 27.0% and 30.0%

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

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