Chipotle Mexican Grill (CMG) Tops Q3 EPS by 60c, Comps Increase 11%, Offers Outlook
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Chipotle Announces Third Quarter 2019 Results
October 22, 2019 4:10 PM EDTNEWPORT BEACH, Calif., Oct. 22, 2019 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2019.
Third quarter highlights, year over year:
Revenue increased 14.6% to $1.4 billion Comparable restaurant sales increased 11.0%, net of 10 bps from loyalty deferral, and included nearly 7.5% of comparable restaurant transactions growth Digital sales grew 87.9% and accounted for 18.3% of sales for the quarter Restaurant level operating margin was 20.8%, an increase of 210 basis points Diluted earnings per share was $3.47, net of a $0.35 after-tax impact from expenses related... More