Chipotle Mexican Grill (CMG) Tops Q1 EPS by 6c; Comps Rise 9%
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CHIPOTLE ANNOUNCES FIRST QUARTER 2022 RESULTS
April 26, 2022 4:10 PM EDTQUARTERLY SALES INCREASE 16%, DRIVEN BY 9% COMPARABLE RESTAURANT SALES GROWTH
NEWPORT BEACH, Calif., April 26, 2022 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2022.
First quarter highlights, year over year:
Total revenue increased 16.0% to $2.0 billionComparable restaurant sales increased 9.0%In-restaurant sales increased 33.1%, while digital sales1 represented 41.9% of food and beverage revenueOperating margin was 9.4%, an increase from 9.3%Restaurant level operating margin was 20.7% 2, a decrease of 160 basis pointsDiluted... More