Chipotle Announces First Quarter 2020 Results
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Chipotle Mexican Grill (CMG) Tops Q1 EPS by 18c; Withdraws Guidance
April 21, 2020 4:12 PM EDTChipotle Mexican Grill (NYSE: CMG) reported Q1 EPS of $3.08, $0.18 better than the analyst estimate of $2.90. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.42 billion.
Comparable restaurant sales increased 3.3% with a 1.4% decrease in transactions including a 1.3% leap day benefitThrough the end of February, comparable restaurant sales increased 14.4% with 10.7% transactions growth including a 2.1% leap day benefit and a restaurant level operating margin of 21.8%Comparable restaurant sales during the month of March were negatively impacted by the impact of COVID-19, resulting in a decline of... More