Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $4.59, $0.04 worse than the analyst estimate of $4.63. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.

Comparable restaurant sales increased 2.6%

Outlook

For 2015, management expects the following:

• We are increasing our guidance to 215-225 new restaurant openings, up from the previously announced range of 190-205
• Low-to-mid single digit comparable restaurant sales increases
• An effective full year tax rate of approximately 38.7%

For 2016, management expects the following:

• 220-235 new restaurant openings
• Low-single digit comparable restaurant sales increases
• An effective full year tax rate of approximately 38.7%

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

Earnings Hot Earnings Retail Sales

RBC Capital Sees Offsite Ordering as Sales Opportunity for Chipotle Mexican Grill (CMG); Reiterates Outperform October 21, 2015 9:43 AM Wedbush Cuts Price Target on Chipotle Mexican Grill (CMG) Following EPS Miss October 21, 2015 7:57 AM Chipotle Mexican Grill (CMG) Numbers Cut at Jefferies; Analyst Sees 'Normalizing Trends'October 21, 2015 7:18 AM Piper Jaffray Trims Numbers on Chipotle Mexican Grill (CMG) Post Q3October 21, 2015 7:06 AM Chipotle Mexican Grill, Inc. Announces Third Quarter 2015 ResultsOctober 20, 2015 4:10 PM Subway shifting all U.S. meat supplies to no-antibioticsOctober 20, 2015 2:25 PM