Chipotle Mexican Grill (CMG) Tops Q2 EPS by 14c, Offers Outlook

Chipotle Mexican Grill (NYSE: CMG) reported Q2 EPS of $2.32, $0.14 better than the analyst estimate of $2.18. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.19 billion.

Comparable restaurant sales increased 8.1%

Outlook

For 2017, management targets:

• Comparable restaurant sales increases in the high single digits
• 195 – 210 new restaurant openings
• An estimated effective full year tax rate of approximately 38.4%

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

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