Chipotle Mexican Grill
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Chipotle Mexican Grill met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.
Margins shrank across the board.
Chipotle Mexican Grill logged revenue of $699.2 million. The 25 analysts polled by S&P Capital IQ foresaw revenue of $697.4 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $596.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.95. The 29 earnings estimates compiled by S&P Capital IQ predicted $1.96 per share. GAAP EPS of $1.95 for Q4 were 8.3% higher than the prior-year quarter's $1.80 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 36.1%, 150 basis points worse than the prior-year quarter. Operating margin was 14.7%, 130 basis points worse than the prior-year quarter. Net margin was 8.8%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $727.4 million. On the bottom line, the average EPS estimate is $2.15.
Next year's average estimate for revenue is $3.15 billion. The average EPS estimate is $10.23.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,760 members out of 3,205 rating the stock outperform, and 445 members rating it underperform. Among 997 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 914 give Chipotle Mexican Grill a green thumbs-up, and 83 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chipotle Mexican Grill is hold, with an average price target of $310.00.
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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 recommends Chipotle Mexican Grill. The Motley Fool owns shares of 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.