Chipotle Mexican Grill (CMG) Tops Q2 EPS by 21c, Revenues Beat
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Chipotle Announces Second Quarter 2020 Results
July 22, 2020 4:10 PM EDTNEWPORT BEACH, Calf., July 22, 2020 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2020.
Second quarter highlights, which incorporate the impact of COVID-19, year over year:
Revenue decreased 4.8% to $1.4 billion Comparable restaurant sales declined 9.8% Digital sales grew 216.3% and accounted for 60.7% of sales for the quarter Restaurant level operating margin was 12.2%, a decrease of 8.7% Diluted earnings per share was $0.29, net of a $0.11 after-tax impact from expenses related to restaurant asset impairment and closure costs, as well as... More