Chipotle Mexican Grill (CMG) Tops Q3 EPS by 34c
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CHIPOTLE ANNOUNCES THIRD QUARTER 2022 RESULTS
October 25, 2022 4:10 PM EDTOPERATING INCOME INCREASES 40.3% AND COMPARABLE RESTAURANT SALES INCREASE 7.6% AS MARGINS EXPAND
NEWPORT BEACH, Calif., Oct. 25, 2022 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2022.
Third quarter highlights, year over year:
Total revenue increased 13.7% to $2.2 billionComparable restaurant sales increased 7.6%In-restaurant sales increased 22.1%, while digital sales1 represented 37.2% of food and beverage revenueOperating margin was 15.1%, an increase from 12.3%Restaurant level operating margin was 25.3% 2, an... More