Chipotle Mexican Grill (CMG) PT Raised to $780 at SunTrust
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Chipotle Announces First Quarter 2019 Results
April 24, 2019 4:10 PM EDTNEWPORT BEACH, Calif., April 24, 2019 /PRNewswire/ --Â Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2019.
First quarter highlights, year over year:
Revenue increased 13.9% to $1.3 billion Comparable restaurant sales increased 9.9%, net of 30 bps from loyalty deferral, and included 5.8% of comparable restaurant transaction growth and 2% in mix contribution Digital sales grew 100.7% and accounted for 15.7% of sales for the quarter Restaurant level operating margin was 21.0%, an increase from 19.5% Diluted earnings per share was $3.13, net of a $0.27 after-tax impact from... More