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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