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0 0.00346020761245675 0.00346020761245675 0 -0.00342560553633221 -0.013840830449827 3.4602076124536E-05 0
Stockreport

Chipotle beats Q4 expectations as even avocado prices helped [MarketWatch]

CHIPOTLE MEXICAN GRILL (CMG)  More Company Research Source: MarketWatch
Last chipotle mexican grill earnings: 4/25 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
PDF Chipotle beats Q4 expectations as even avocado prices helped Shares of Chipotle Mexican Grill Inc. CMG, +1.34% fell 1.1% late Tuesday after the fast-casual restaurant chain reported quarterly per-share profits above expectations and said it was "starting to see some success" after implementing changes. Shares had initially gained. Even avocado prices let up, further helping Chipotle's bottom line. The company said it earned $43.8 million, or $1.55 a share, in the fourth quarter, compared with $16 million, or 55 cents a share, in the fourth quarter of 2016. The net income included a $6 million, or 21 cents a share, benefit from the U.S. tax overhaul, Chipotle said. Sales rose 7.3% to $1.1 billion, driven by new-restaurant openings and to a lesser extent by a 0.9% increase in comparable-restaurant sales, the company said. Analysts polled by FactSet had expected earnings of $1.32 a share on sales of $1.11 billion. The rise in comparable-restaurant sales was due to an increase in the a [Read more]

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