For the quarter ended September 2023, Chipotle Mexican Grill (CMG - Free Report) reported revenue of $2.47 billion, up 11.3% over the same period last year. EPS came in at $11.36, compared to $9.51 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.47 billion, representing a surprise of +0.14%. The company delivered an EPS surprise of +8.60%, with the consensus EPS estimate being $10.46.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chipotle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total restaurants: 3,321 versus 3,332 estimated by 12 analysts on average.
- Comparable restaurant sales: 5% versus 4.4% estimated by 12 analysts on average.
- Number of company-owned restaurants - Opened: 62 versus 72 estimated by six analysts on average.
- Number of company-owned restaurants - Beginning of period: 3,268 versus the four-analyst average estimate of 3,268.
- Average restaurant sales - TTM: $2.97 million compared to the $2.95 million average estimate based on three analysts.
- Food and beverage revenue: $2.46 billion compared to the $2.46 billion average estimate based on six analysts. The reported number represents a change of +11.5% year over year.
- Delivery service revenue: $15.91 million compared to the $16.55 million average estimate based on three analysts. The reported number represents a change of -10.8% year over year.
View all Key Company Metrics for Chipotle here>>>Shares of Chipotle have returned +2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended September 2023, Chipotle Mexican Grill (CMG - Free Report) reported revenue of $2.47 billion, up 11.3% over the same period last year. EPS came in at $11.36, compared to $9.51 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.47 billion, representing a surprise of +0.14%. The company delivered an EPS surprise of +8.60%, with the consensus EPS estimate being $10.46.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chipotle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total restaurants: 3,321 versus 3,332 estimated by 12 analysts on average.
- Comparable restaurant sales: 5% versus 4.4% estimated by 12 analysts on average.
- Number of company-owned restaurants - Opened: 62 versus 72 estimated by six analysts on average.
- Number of company-owned restaurants - Beginning of period: 3,268 versus the four-analyst average estimate of 3,268.
- Average restaurant sales - TTM: $2.97 million compared to the $2.95 million average estimate based on three analysts.
- Food and beverage revenue: $2.46 billion compared to the $2.46 billion average estimate based on six analysts. The reported number represents a change of +11.5% year over year.
- Delivery service revenue: $15.91 million compared to the $16.55 million average estimate based on three analysts. The reported number represents a change of -10.8% year over year.
View all Key Company Metrics for Chipotle here>>>Shares of Chipotle have returned +2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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