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.

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