Chipotle Mexican Grill
The 10-second takeaway
For the quarter ended March 31 (Q1), Chipotle Mexican Grill beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Chipotle Mexican Grill booked revenue of $640.6 million. The 22 analysts polled by S&P Capital IQ predicted revenue of $629.7 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $509.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $2.08. The 24 earnings estimates compiled by S&P Capital IQ forecast $1.93 per share on the same basis. GAAP EPS of $1.97 for Q1 were 35% higher than the prior-year quarter's $1.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.7%, 120 basis points better than the prior-year quarter. Operating margin was 16.2%, 120 basis points better than the prior-year quarter. Net margin was 9.8%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $701.2 million. On the bottom line, the average EPS estimate is $2.24.
Next year's average estimate for revenue is $2.76 billion. The average EPS estimate is $8.77.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,566 members out of 3,066 rating the stock outperform, and 500 members rating it underperform. Among 1,077 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 964 give Chipotle Mexican Grill a green thumbs-up, and 113 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chipotle Mexican Grill is outperform, with an average price target of $389.81.
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Seth Jayson owned shares of the following at the time of publication: Chipotle Mexican Grill. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Chipotle Mexican Grill. Motley Fool newsletter services have recommended buying shares of Chipotle Mexican Grill. Motley Fool newsletter services have recommended creating a bear put spread position in Chipotle Mexican Grill. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy