Chipotle Mexican Grill (CMG) Cut to $330 at Jefferies
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Chipotle Mexican Grill, Inc. Announces Second Quarter 2016 Results
July 21, 2016 4:10 PM EDTDENVER--(BUSINESS WIRE)-- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2016.
Overview for the three months ended June 30, 2016 as compared to the three months ended June 30, 2015:
Revenue decreased 16.6% to $998.4 million Comparable restaurant sales decreased 23.6% Comparable restaurant transactions decreased 19.3% Restaurant level operating margin was 15.5%, a decrease from 28.0% Net income was $25.6 million, a decrease from $140.2 million Diluted earnings per share was $0.87, a decrease from $4.45 Opened 58 new restaurants... More