Free Annual Reports
Chipotle Mexican Grill's Second Quarter Earnings Report
Tickers in this Article »
CMG
Chipotle Mexican Grill develops and operates fast-casual, fresh Mexican food restaurants in 35 states throughout the United States, the District of Columbia, and Ontario, Canada.
Investors care about earnings because they drive stock prices. Strong earnings generally result in the stock price moving up and vice versa. SEE: Everything Investors Need To Know About Earnings
The Numbers: Chipotle Mexican Grill's EPS outpaced analyst estimates while the company's revenues came in below predictions. The company reported $2.56 per share versus the $2.30 per share estimate and revenues of $690.9 million versus the $707.1 million estimate. EPS rose 61% while revenue climbed 20.9% from the same period last year. Chipotle Mexican Grill has averaged revenue growth of 23.4% over the past five quarters. The company's net income for the quarter was $81.7 million. This is 61.2% higher than the year-ago quarter. Last quarter marked the third in a row of rising net income.
Management Quote: "We are pleased that our continued focus on improving the quality and taste of our food, along with strengthening our people culture, has lead to a better dining experience for our customers, and ultimately better financial results for our shareholders," said Steve Ells, Founder, Chairman and Co-CEO of Chipotle.
A Look Back: Net income has increased 30.9% year-over-year on average across the last five quarters. The biggest gain came in the most recent quarter, when income climbed 61.2% from the year-earlier quarter.
Looking Ahead: Analysts appear increasingly optimistic about the company's results for the next quarter. The average estimate for the third quarter has moved up from $2.36 a share to $2.37 over the last 90 days. When analyst increase earnings estimates investors can assume business has been stronger than first thought and is an encouraging sign for investors. The average estimate for the fiscal year is $8.86 per share, a rise from $8.76 90 days ago.
Investors care about earnings because they drive stock prices. Strong earnings generally result in the stock price moving up and vice versa. SEE: Everything Investors Need To Know About Earnings
The Numbers: Chipotle Mexican Grill's EPS outpaced analyst estimates while the company's revenues came in below predictions. The company reported $2.56 per share versus the $2.30 per share estimate and revenues of $690.9 million versus the $707.1 million estimate. EPS rose 61% while revenue climbed 20.9% from the same period last year. Chipotle Mexican Grill has averaged revenue growth of 23.4% over the past five quarters. The company's net income for the quarter was $81.7 million. This is 61.2% higher than the year-ago quarter. Last quarter marked the third in a row of rising net income.
Management Quote: "We are pleased that our continued focus on improving the quality and taste of our food, along with strengthening our people culture, has lead to a better dining experience for our customers, and ultimately better financial results for our shareholders," said Steve Ells, Founder, Chairman and Co-CEO of Chipotle.
A Look Back: Net income has increased 30.9% year-over-year on average across the last five quarters. The biggest gain came in the most recent quarter, when income climbed 61.2% from the year-earlier quarter.
Looking Ahead: Analysts appear increasingly optimistic about the company's results for the next quarter. The average estimate for the third quarter has moved up from $2.36 a share to $2.37 over the last 90 days. When analyst increase earnings estimates investors can assume business has been stronger than first thought and is an encouraging sign for investors. The average estimate for the fiscal year is $8.86 per share, a rise from $8.76 90 days ago.
by
Investopedia Staff
Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
Free Annual Reports
