Chipotle Mexican Grill (CMG) Tops Q1 EPS by 6c; Comps Rise 9%

Chipotle Mexican Grill (NYSE: CMG) reported Q1 EPS of $5.70, $0.06 better than the analyst estimate of $5.64. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.01 billion. Comparable restaurant sales increased 9.0%.

GUIDANCE:

• Second quarter comparable restaurant sales growth, assuming current sales trends continue, in the 10% to 12% range
• Between 235 to 250 new restaurant openings (including 5 to 10 relocations to add a Chipotlane), which assumes construction and permit delays don\'t worsen
• An estimated underlying effective full year tax rate between 25% and 27% before discrete items

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

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