Chipotle Mexican Grill (CMG) Tops Q3 EPS by 81c, Beats on Revenue; Offers Guidance

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Go back to Chipotle Mexican Grill (CMG) Tops Q3 EPS by 81c, Beats on Revenue; Offers Guidance

CHIPOTLE ANNOUNCES THIRD QUARTER 2023 RESULTS

October 26, 2023 4:10 PM EDT

COMPARABLE SALES INCREASE 5% DRIVEN BY TRANSACTION GROWTH AS MARGINS EXPAND

NEWPORT BEACH, Calif., Oct. 26, 2023 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2023.

Third quarter highlights, year over year:

Total revenue increased 11.3% to $2.5 billionComparable restaurant sales increased 5.0%Operating margin was 16.0%, an increase from 15.1%Restaurant level... More