Chipotle Mexican Grill (CMG) PT Raised to $550 at Cowen
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Chipotle Announces Strong Fourth Quarter 2018 Results
February 6, 2019 4:10 PM ESTNEWPORT BEACH, Calif., Feb. 6, 2019 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and year ended December 31, 2018.
Fourth quarter highlights, year over year:
Revenue increased 10.4% to $1.2 billion Comparable restaurant sales increased 6.1%, which included 2.0% of comparable restaurant transactions growth Digital sales grew 65.6% and accounted for 12.9% of sales Restaurant level operating margin was 17.0%, an increase from 14.9% Diluted earnings per share was $1.15, a 25.8% decrease from $1.55. Adjusted diluted earnings per share was $1.72, excluding the impact of restaurant closure costs, corporate... More