Chipotle Mexican Grill (CMG) Tops Q1 EPS by 33c
Chipotle Mexican Grill (NYSE: CMG) reported Q1 EPS of $1.60, $0.33 better than the analyst estimate of $1.27. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.05 billion.
- Revenue increased 28.1% to $1.07 billion
- Comparable restaurant sales increased 17.8% (including 0.6% from recognized revenuepreviously deferred related to Chiptopia)
- Restaurant level operating margin increased to 17.7% from 6.8%
- Net income was $46.1 million, improved from a net loss of $26.4 million
- Diluted earnings per share was $1.60, improved from a diluted net loss per share of $0.88
- Opened 57 new restaurants
For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.
