Chipotle Mexican Grill
The 10-second takeaway
For the quarter ended June 30 (Q2), Chipotle Mexican Grill beat slightly on revenues and on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased. GAAP earnings per share increased.
Margins contracted across the board.
Chipotle Mexican Grill reported revenue of $816.8 million. The 21 analysts polled by S&P Capital IQ expected revenue of $802.7 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $690.9 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 $2.85. The 25 earnings estimates compiled by S&P Capital IQ predicted $2.81 per share. Non-GAAP EPS of $2.85 for Q2 were 11% higher than the prior-year quarter's $2.56 per share. GAAP EPS of $2.82 for Q2 were 10% higher than the prior-year quarter's $2.56 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 38.2%, 60 basis points worse than the prior-year quarter. Operating margin was 18.1%, 150 basis points worse than the prior-year quarter. Net margin was 10.8%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $813.2 million. On the bottom line, the average EPS estimate is $2.73.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,848 members out of 3,286 rating the stock outperform, and 438 members rating it underperform. Among 1,033 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 970 give Chipotle Mexican Grill a green thumbs-up, and 63 give it a red thumbs-down.
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