Chipotle Mexican Grill (CMG) PT Raised to $325 at Wells Fargo
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Chipotle First Quarter Earnings Per Share Increases 33% To $2.13 On Revenue Increase Of 7.4%
April 25, 2018 4:10 PM EDTDENVER, April 25, 2018 /PRNewswire/ --Â Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2018.
Overview for the three months ended March 31, 2018 as compared to the three months ended March 31, 2017:
Revenue increased 7.4% to $1.1 billion Comparable restaurant sales increased 2.2% (net of 50 basis points related to Chiptopia revenue deferral from 2017) Restaurant level operating margin increased to 19.5% from 17.7% Net income was $59.4 million, an increase from $46.1 million Diluted earnings per share was $2.13, a 33.1% increase from $1.60 Opened 35 new restaurants and closed 2... More