Chipotle Mexican Grill (CMG) PT Lowered to $300 at Baird Following 3Q Miss
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Chipotle Third Quarter Diluted EPS Increased 155% on 8.8% Revenue Growth
October 24, 2017 4:05 PM EDTDENVER--(BUSINESS WIRE)-- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2017.
Overview for the three months ended September 30, 2017 as compared to the three months ended September 30, 2016:
Revenue increased 8.8% to $1.13 billion Comparable restaurant sales increased 1.0% Restaurant level operating margin increased to 16.1% from 14.1% Net income was $19.6 million, including the after-tax impact of an $18.2 million estimated liability related to the data security incident announced in April 2017, an increase from $7.8 million... More