Chipotle Mexican Grill (CMG) reported $2.7 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.1%. EPS of $13.37 for the same period compares to $10.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.67 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +14.96%, with the consensus EPS estimate being $11.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

The effects of California's $20 minimum wage for fast food workers are starting to show.Chipotle said the law raised wages at its restaurants by roughly 20%.This translated to a 7% menu price increase at Chipotle locations in California.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking ...

Chipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens.A little over a year ago, Chipotle announced the opening of its first Farmesa location at Kitchen United's Santa Monica location. The spinoff's menu focused on customizable bowls. Its brand name is a portmanteau of "farm" and "mesa," the Spanish word for table, in an attempt to communicate its farm-to-table approach.But the Santa Monica ghost kitchen closed in February as its parent c ...

Chipotle Mexican Grill (CMG) came out with quarterly earnings of $13.37 per share, beating the Zacks Consensus Estimate of $11.63 per share. This compares to earnings of $10.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.96%. A quarter ago, it was expected that this Mexican food chain would post earnings of $9.73 per share when it actually produced earnings of $10.36, delivering a surprise of 6.47%.Over the last four qu ...

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 FIRST QUARTER 2024 RESULTS COMPARABLE SALES INCREASE 7% DRIVEN BY OVER 5% TRANSACTION GROWTH AS MARGINS EXPAND NEWPORT BEACH, Calif. – April 24, 2024 – Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2024. First quarter highlights, year over year: • Total reve ...

The logo of Chipotle Mexican Grill is seen in Manhattan, New York.Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, fueled by higher traffic to its restaurants.The stock rose 4% in extended trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $13.37 adjusted vs. $11.68 expectedRevenue: $2.7 billion vs. $2.68 billion expectedChipotle reported first-quarter ne ...

Bill Ackman is much more of a value investor than many of his peers, and his portfolio reflects that.Bill Ackman is one of the most well-known billionaire investors and is the head of the Pershing Square hedge fund. However, unlike many of his billionaire peers in the industry, Ackman is a value investor at heart and primarily invests in easy-to-understand businesses at a perceived discount, as opposed to trying to put his money in the next big thing.According to Pershing's latest U.S. Securities and Exchan ...

Is Cava the next big thing in fast-casual dining? Find out why investors are taking notice of this Mediterranean-inspired gem.In the bustling fast-casual dining sector, Chipotle Mexican Grill (CMG 1.07%) has set a strong benchmark for measuring success and innovation. Meanwhile, Cava Group (CAVA 2.65%) continues to carve out a niche and challenge established norms with its dynamic and health-oriented approach.Let's look deeper into Cava's business model, growth strategies, and potential as a smart long-term ...

Investors are always looking for stocks that are poised to beat at earnings season and Chipotle Mexican Grill, Inc. (CMG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Chipotle is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pret ...

NEW YORK, NEW YORK - FEBRUARY 06: A Chipolte restaurant stands in Manhattan on February 06, 2024 in ... [+] New York City. Chipotle Mexican Grill (CMG) reports Q4 and full-year results late Tuesday. (Photo by Spencer Platt/Getty Images)Getty ImagesChipotle Mexican Grill stock (NYSE: CMG), a fast-casual restaurant chain that focuses on fresh and organic ingredients in burritos, salads, and more, is scheduled to report its fiscal first-quarter results on Wednesday, April 24. We expect CMG’s stock to trade low ...