Chipotle Mexican Grill (CMG) Tops Q3 Estimates, Analysts Ultra Bullish
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Chipotle Announces Third Quarter 2021 Results
October 21, 2021 4:10 PM EDTNEWPORT BEACH, Calif., Oct. 21, 2021 /PRNewswire/ --Â Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2021.
Third quarter highlights, year over year:
Total revenue increased 21.9% to $2.0 billion Comparable restaurant sales increased 15.1% Digital sales grew 8.6% and accounted for 42.8% of sales Operating margin was 12.3%, an increase from 6.7% Restaurant level operating margin was 23.5% 1, an increase of 400 basis points Diluted earnings per share was $7.18, a 154.6% increase from $2.82. Excluding a $0.16 after-tax net impact resulting from a tax benefit, which was... More