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Chipotle Mexican Grill(CMG) - 2024 Q3 - Quarterly Report
2024-10-29 23:10
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 September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period f ...
Chipotle (CMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-29 23:01
For the quarter ended September 2024, Chipotle Mexican Grill (CMG) reported revenue of $2.79 billion, up 13% over the same period last year. EPS came in at $0.27, compared to $0.23 in the year-ago quarter.The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $2.82 billion. With the consensus EPS estimate being $0.25, the EPS surprise was +8.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...
Chipotle Mexican Grill (CMG) Beats Q3 Earnings Estimates
ZACKS· 2024-10-29 22:20
Chipotle Mexican Grill (CMG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this Mexican food chain would post earnings of $0.31 per share when it actually produced earnings of $0.34, delivering a surprise of 9.68%. Over the last four quarters ...
Chipotle Stock Falls After Sales Outlook Disappoints Investors
Investopedia· 2024-10-29 21:10
Key Takeaways Chipotle said full-year same-store sales could come in below analysts' expectations of 7.5%. The fast-casual chain anticipates same-store sales increases in the mid-to- high-single digit range. Share prices fell in after-hours trading. Chipotle Mexican Grill (CMG) shares fell in late trading after the company indicated that same-store sales growth may be lower than anticipated. Chipotle late Tuesday said it expects to see same-store sales increase in the mid- to high-single digit range for 202 ...
Chipotle Q3 Earnings Highlights: Revenue Miss, EPS Beat, Store Guidance Update, 'Strong Results Led By Transaction Growth'
Benzinga· 2024-10-29 20:36
Restaurant stock Chipotle Mexican Grill CMG reported third-quarter financial results after the market close Tuesday.Here are the key highlights.What Happened: Chipotle reported third-quarter revenue of $2.79 billion, up 13% year-over-year. The total missed a Street consensus estimate of $2.82 billion, according to data from Benzinga Pro.The company reported adjusted earnings of 27 cents per share in the third quarter, beating a Street consensus estimate of 25 cents per share.Comparable restaurant sales were ...
Chipotle Mexican Grill(CMG) - 2024 Q3 - Quarterly Results
2024-10-29 20:11
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 THIRD QUARTER 2024 RESULTS COMPARABLE SALES INCREASE 6% DRIVEN BY OVER 3% TRANSACTION GROWTH NEWPORT BEACH, Calif. – October 29, 2024 – Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2024. Third quarter highlights, year over year: • Total revenue increase ...
CHIPOTLE ANNOUNCES THIRD QUARTER 2024 RESULTS
Prnewswire· 2024-10-29 20:10
COMPARABLE SALES INCREASE 6% DRIVEN BY OVER 3% TRANSACTION GROWTH NEWPORT BEACH, Calif., Oct. 29, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2024. Third quarter highlights, year over year: Total revenue increased 13.0% to $2.8 billion Comparable restaurant sales increased 6.0% Operating margin was 16.9%, an increase from 16.0% Restaurant level operating margin was 25.5%1, a decrease from 26.3%1 Diluted earnings per ...
Chipotle Mexican Grill (CMG) Flat As Market Sinks: What You Should Know
ZACKS· 2024-10-25 22:51
Chipotle Mexican Grill (CMG) ended the recent trading session at $59.44, demonstrating no swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%.Coming into today, shares of the Mexican food chain had gained 2.39% in the past month. In that same time, the Retail-Wholesale sector lost 0.9%, while the S&P 500 gained 1.39%.Market participants will be closely following the fi ...
Chipotle Mexican Grill (CMG) Laps the Stock Market: Here's Why
ZACKS· 2024-10-24 22:56
The latest trading session saw Chipotle Mexican Grill (CMG) ending at $59.44, denoting a +0.71% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.22% for the day. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.Heading into today, shares of the Mexican food chain had gained 1.1% over the past month, outpacing the Retail-Wholesale sector's loss of 0.42% and lagging the S&P 500's gain of 1.47% in that time.Market participants will be clos ...
Chipotle Stock Before Q3 Earnings: To Buy or Not to Buy?
ZACKS· 2024-10-24 16:20
Chipotle Mexican Grill, Inc. (CMG) is scheduled to report third-quarter 2024 results on Oct. 29, 2024, after the closing bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the second quarter of 2024, CMG reported stellar performance, with earnings per share (EPS) beating the Zacks Consensus Estimate by 9.7% and revenues surpassing the same by 1.3%. Year over year, adjusted EPS and revenues rose 36% and 18.2%, respectively. Successful promotions regarding Chicken Al Pastor drove ...