Chipotle Mexican Grill (CMG) Misses Q4 EPS by 63c, comparable restaurant sales increased 5.6%
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CHIPOTLE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS
February 7, 2023 4:10 PM ESTFY22 OPERATING INCOME INCREASES 44.2% AND COMPARABLE RESTAURANT SALES INCREASE 8.0% AS MARGINS EXPAND
NEWPORT BEACH, Calif., Feb. 7, 2023 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and fiscal year ended December 31, 2022.
Fourth quarter highlights, year over year:
Total revenue increased 11.2% to $2.2 billionComparable restaurant sales increased 5.6%In-restaurant sales increased 17.5%, while digital sales1 represented 37.4% of food and beverage revenueOperating margin was 13.6%, an increase from 8.1%Restaurant level... More