Chipotle jumps after profits more than double (CMG) [The Business Insider]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: The Business Insider
Chipotle jumps after profits more than double LOS ANGELES, July 25 (Reuters) - Chipotle Mexican Grill Inc's profit more than doubled on stronger sales, fewer giveaways and lower labor costs as the burrito seller tries to win back customers after food safety lapses tarnished its brand. The company's shares rose nearly 3 percent in after-hours trading on Tuesday, a turnaround from last week when the Denver-based chain suffered yet another setback after it had to briefly close a restaurant in Virginia due to a health scare and a separate cleanliness issue at a Dallas venue. "Recent events ... have shown that we still have a lot of opportunity to improve our operations and deliver the outstanding experience that our customers expect," Chipotle Chief Executive Steve Ells said in a statement. Net income for the quarter was $66.7 million, or $2.32 per diluted share, compared with the year earlier profit of $25.6 million, or 87 cents per diluted share. Restaurant-level operating margins impro
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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