'Make room for CMG in the Magnificent Seven': Analysts heap praise on Chipotle after earnings beat

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Go back to 'Make room for CMG in the Magnificent Seven': Analysts heap praise on Chipotle after earnings beat

CHIPOTLE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS

February 6, 2024 4:10 PM EST

FY23 EPS INCREASES OVER 38% AND COMPARABLE SALES INCREASE 7.9% AS MARGINS EXPAND

NEWPORT BEACH, Calif., Feb. 6, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and fiscal year ended December 31, 2023.

Fourth quarter highlights, year over year:

Total revenue increased 15.4% to $2.5 billionComparable restaurant sales increased 8.4%Operating margin was... More