Rising 25% Year To Date, Will Q1 Results Drive Chipotle Stock Higher? [Forbes]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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ir.chipotle.com
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Source: Forbes
Chipotle Mexican Grill (CMG) reports Q4 and full-year results late Tuesday. (Photo by Spencer Platt/Getty Images) (NYSE: CMG), a fast-casual restaurant chain that focuses on fresh and organic ingredients in burritos, salads, and more, is scheduled to report its fiscal first-quarter results on Wednesday, April 24. We expect CMG's stock to trade lower with revenues and earnings missing the expectations marginally in its first-quarter results. The company's stock is up 25% year-to-date. Chipotle's strong financial performance and the recent stock split announcement have led to stock gains. Chipotle's growth is slowing, but still, its profitability is holding up well - thanks to raising prices. CMG's positive performance can be attributed to restaurant-level operating margin expansion, menu innovation, price increases, and good execution of the company's digital strategies. For 2024, management expects comparable sales growth in the mid-single-digit range and 285 to 315 new restaurant o
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CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/1/24 - Form PX14A6G
- 4/29/24 - Form 4
- CMG's page on the SEC website