Chipotle Mexican Grill (CMG) Tops Q2 EPS by 23c, Comps Increase 10%, Offers Guidance
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Chipotle Announces Second Quarter 2019 Results
July 23, 2019 4:10 PM EDTNEWPORT BEACH, Calf., July 23, 2019 /PRNewswire/ --Â Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2019.
Second quarter highlights, year over year:
Revenue increased 13.2% to $1.4 billion Comparable restaurant sales increased 10.0%, net of 40 bps from loyalty deferral, and included nearly 7% of comparable restaurant transaction growth Digital sales grew 99.1% and accounted for 18.2% of sales for the quarter Restaurant level operating margin was 20.9%, an increase from 19.7% Diluted earnings per share was $3.22, net of a $0.77 after-tax impact from expenses related to... More