Consumers are willing to pay higher prices at fast-casual restaurants if they get good portions, quality ingredients and value for the money, Chipotle executives said Tuesday (Feb. 4).Reporting the company’s results for the fourth quarter, executives said Chipotle’s food, beverage and packaging costs rose to 30.4% of total revenue in the fourth quarter, up from 29.7% in the same quarter a year earlier.In a Tuesday earnings release, the company attributed this increase in part to using more ingredients “as w ...

Chipotle Mexican Grill (CMG) reported $2.85 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 13.1%. EPS of $0.25 for the same period compares to $0.21 a year ago.The reported revenue represents a surprise of -0.17% over the Zacks Consensus Estimate of $2.85 billion. With the consensus EPS estimate being $0.24, the EPS surprise was +4.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Chipotle has found new sources of avocados for its guacamole over the last two years.But the chain could still take a hit if President Donald Trump adds tariffs to Mexican imports.About half of Chipotle's avocados come from Mexico, CEO Scott Boatwright said on an earnings call.Chipotle has spent years diversifying where it gets avocados for its guacamole. But it could still see a hit from tariffs on Mexican versions of the fruit. The California-based restaurant chain has found new sources of avocados in rec ...

Chipotle Mexican Grill (CMG) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this Mexican food chain would post earnings of $0.25 per share when it actually produced earnings of $0.27, delivering a surprise of 8%.Over the last four quarters, ...

Boxes of avocados are seen at the Central de Abastos market in Guadalajara, Jalisco state, Mexico, on Jan. 31, 2025.Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.A day earlier, President Donald Trump paused his plans for 25% tariffs on Mexican and Canadian imports. If implemented after the one-month suspension, imports such as avocados and beef would ...

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 FOURTH QUARTER AND FULL YEAR 2024 RESULTS FOURTH QUARTER COMPARABLE SALES INCREASE 5.4% DRIVEN BY 4.0% TRANSACTION GROWTH FULL YEAR 2024 COMPARABLE SALES INCREASE 7.4% DRIVEN BY 5.3% TRANSACTION GROWTH NEWPORT BEACH, Calif. – February 4, 2025 – Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for i ...

The fast-casual restaurant chain still has a bright future.The stock of Chipotle Mexican Grill (CMG -0.13%) closed at its all-time high of $68.55 on June 18, 2024. At the time, investors were dazzled by the fast-casual restaurant chain's robust growth in comparable-store sales (comps), resilient margins, and clear expansion plans.But since hitting that peak, share prices have declined about 15%. Its stock initially sank last August after Starbucks poached its star CEO. It recovered through the end of the ye ...

Wall Street analysts expect Chipotle Mexican Grill (CMG) to post quarterly earnings of $0.24 per share in its upcoming report, which indicates a year-over-year increase of 14.3%. Revenues are expected to be $2.85 billion, up 13.4% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

Core Viewpoint - Chipotle Mexican Grill, Inc. is expected to report strong fourth-quarter earnings, driven by digital initiatives and operational efficiencies, despite facing cost pressures [19][20]. Earnings Performance - The company has a history of exceeding earnings expectations, with an average surprise of 9.8% over the last four quarters [2][4]. - The Zacks Consensus Estimate for fourth-quarter earnings is 24 cents per share, reflecting a 14.3% increase from the previous year [5]. - Quarterly revenues are projected at $2.85 billion, indicating a 13.4% year-over-year increase [5]. Operational Factors - Digital initiatives, including AI-driven hiring and expanded delivery partnerships, are expected to enhance operational efficiency [8][19]. - The company anticipates a 6.5% growth in comparable sales for the fourth quarter, driven by higher transactions and increased average checks [10][20]. Cost and Margin Outlook - Food, beverage, and packaging costs are expected to rise by 17.8% year-over-year, while labor costs are projected to increase by 13.9% [12]. - The restaurant-level margin is predicted to be 24.6%, down from 25.4% in the previous year [12]. Market Performance - Chipotle's shares have increased by 21% over the past year, outperforming the Zacks Retail – Restaurants industry's growth of 7.4% [13]. - The company is trading at a forward price-to-earnings ratio of 43.48X, significantly above the industry average [16]. Conclusion - Chipotle's strong earnings record and growth initiatives position it favorably ahead of its earnings release, with a solid Zacks Rank and positive Earnings ESP indicating potential for continued strong performance [19][20].

Core Viewpoint - Chipotle Mexican Grill remains a strong investment opportunity despite a slight reduction in price target by an analyst, who maintains a buy recommendation for the stock [1][2]. Group 1: Analyst Insights - Citigroup's Jon Tower reduced his price target for Chipotle by $1 to $69 per share, yet still considers the stock a buy [2]. - Concerns among investors regarding comparable-restaurant sales erosion are linked to adverse weather conditions affecting certain regions [2]. - The analyst believes that factors such as the timing of limited-time menu items and improvements in order throughput will alleviate investor fears [3]. Group 2: Management and Strategy - The appointment of Scott Boatwright as permanent CEO, following Brian Niccol's departure, is seen as a stabilizing factor, given Boatwright's familiarity with the company's successful strategies [4]. - Chipotle's consistent delivery of solid growth and profitability numbers contributes to its popularity among investors [5]. - The company is expected to benefit from efficiency measures and innovations like Chipotlane drive-thrus, which are anticipated to enhance its market position [5].