Chipotle Mexican Grill (CMG) Tops Q3 EPS by 16c; Comps Rise 4.4%

Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $2.16, $0.16 better than the analyst estimate of $2.00. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.23 billion.

Comparable restaurant sales increased 4.4%, below the consensus of 5%.

"Chipotle's strategy to win today and cultivate a better future is taking hold and I'm pleased to report our third quarter results with strong sales growth and restaurant margin expansion over last year," said Brian Niccol, chief executive officer. "We made important progress during the quarter with the introduction of our 'For Real' marketing strategy and I'm encouraged by the progress we are making in building a pipeline of customer focused innovation, driving digital sales, elevating our restaurant operations and effectively executing our reorganization."

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

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