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.