Why are profits about to drop?On June 18, restaurant chain Chipotle Mexican Grill (CMG -1.95%) completed its highly publicized 50-for-1 stock split. Shareholders saw their $3,000 stock become 50 shares worth about $60 each.Then, on July 24, Chipotle reported financial results for the second quarter, and the stock initially soared in after-hours trading. But once management spoke with analysts on the earnings call, the stock settled. While the Q2 headline numbers were great, there were concerns in the subseq ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________________ _____________FORM ______________________________ 10-Q _______________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from t ...

Chipotle CEO Brian Niccol announced this week that the company is ensuring portion sizes are generous and consistent across all stores after customers aired frustrations on social media accusing the fast-casual chain of using fewer ingredients in its popular burrito bowls. "There was never a directive to provide less to our customers," Niccol told analysts Wednesday on the company's earnings call. The chief executive added that generous portions has always been a core brand equity of the fast-casual restaur ...

Chipotle Mexican Grill, Inc. (CMG) released second-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. Following the earnings release, the company’s shares rose 4.3% during the after-hours trading session on Jul 24.During the second quarter, the company benefited from successful promotions regarding Chicken Al Pastor driving significant engagement and sales. Also, the emphasis on throughput and staff training ...

Landscape and nature photographer based in Upstate, New York Introduction: Chipotle Delivers A Double Beat After reporting its Q2 2024 numbers in the after-hours session yesterday, Chipotle Mexican Grill, Inc. (NYSE:CMG) saw its stock shoot up by ~15%, with the company registering a double beat: GoogleFinanceChipotle Q2 2024 Earnings (SeekingAlpha) In Q2 2024, Chipotle's revenue grew by 18.2% y/y to $3B, driven by an +11.1% increase in comparable store sales [+8.7% growth in user traffic (transactions) ...

Key TakeawaysShares in fast casual restaurant Chipotle Mexican Grill jumped in extended trading Wednesday after the burrito maker reported second-quarter results that came in above Wall Street’s expectations.Following a correction of around 24%, Chipotle shares appear to have found support near a trendline linking prior price action and the 200-day moving average, setting the stage for a post-earnings pop.Chipotle shares may run into overhead resistance at key chart levels including $57, $61, and $65. Share ...

The fast-casual restaurant chain just completed a strong quarter fueled by growth and operational efficiency.Key PointsEarnings per share (EPS) surpassed expectations.Q2 revenue saw significant year-over-year growth.Operational margins improved despite rising costs.Fast-casual restaurant chain Chipotle Mexican Grill(CMG -1.47%)released second-quarter earnings on Wednesday that showed significant earnings and revenue growth, exceeding analysts' expectations. Chipotle's EPS of $0.33 jumped 32% year over year ...

Chipotle Mexican Grill, Inc. (NYSE:CMG) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Cindy Olsen - Head, IR and Strategy Brian Niccol - Chairman and CEO Jack Hartung - CFO and CAO Conference Call Participants David Tarantino - Baird Sara Senatore - Bank of America Dennis Geiger - UBS Peter Saleh - BTIG Christine Cho - Goldman Sachs Sharon Zackfia - William Blair John Ivankoe - JPMorgan Andrew Charles - TD Cowen Lauren Silberman - Deutsche Bank Jon Tower - Citi Brian Harbour ...

Chipotle Mexican Grill (CMG) reported $2.97 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 18.2%. EPS of $0.34 for the same period compares to $0.25 a year ago.The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $2.94 billion. With the consensus EPS estimate being $0.31, the EPS surprise was +9.68%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Exhibit 99.1 EARNINGS RELEASE PR Contact: Laurie Schalow (949) 524-4035 MediaRelations@chipotle.com IR Contact: Cindy Olsen, CFA (949) 524-4205 Cindy.Olsen@chipotle.com CHIPOTLE ANNOUNCES SECOND QUARTER 2024 RESULTS COMPARABLE SALES INCREASE 11% DRIVEN BY OVER 8% TRANSACTION GROWTH AS MARGINS EXPAND NEWPORT BEACH, Calif. – July 24, 2024 – Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2024. Second quarter highlights, year over year: • Total re ...