Chipotle Mexican Grill (CMG) Tops Q1 EPS by 18c; Withdraws Guidance
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Chipotle Announces First Quarter 2020 Results
April 21, 2020 4:10 PM EDTNEWPORT BEACH, Calif., April 21, 2020 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2020.
First quarter highlights, year over year:
Revenue increased 7.8% to $1.4 billion Comparable restaurant sales increased 3.3% with a 1.4% decrease in transactions including a 1.3% leap day benefit Through the end of February, comparable restaurant sales increased 14.4% with 10.7% transactions growth including a 2.1% leap day benefit and a restaurant level operating margin of 21.8% Comparable restaurant sales during the month of... More