Chipotle Mexican Grill (CMG) PT Raised to $2,080 at Cowen
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Chipotle Announces Second Quarter 2021 Results
July 20, 2021 4:10 PM EDTNEWPORT BEACH, Calif., July 20, 2021 /PRNewswire/ --Â Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2021.
Second quarter highlights, year over year:
Revenue increased 38.7% to $1.9 billion Comparable restaurant sales increased 31.2% Digital sales grew 10.5% and accounted for 48.5% of sales Operating margin was 13.0%, an increase from -0.4% Restaurant level operating margin was 24.5%1, the highest since Q3, 2015, and an increase of 1,230 basis points Diluted earnings per share was $6.60, a 2,175.9% increase from $0.29. Excluding an $0.86 after-tax impact from expenses... More