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Chipotle posted same-store sales growth of 6%, which contributed to revenue's 13% rise to $2.79 billion, though that fell short of the analyst consensus at $2.82 billion.
CMG Revenue (Quarterly) data by YCharts. Driving this growth were 294 net-new company-owned locations since Q3 2023, bringing the total to 3,615, representing a nearly 9% year-over-year increase.
Chipotle falls just short of Wall Street's high hopes for the burrito chain as sales miss expectations. ... The burrito chain reported $2.78 billion in revenue on Tuesday, up 13% year over year ...
New store openings is another factor in Chipotle's revenue growth. In Q1, the company opened 47 locations and is targeting a total of at least 285 new restaurants in 2024. Last year, it added 271 ...
Revenue grew 11% to $2.47 billion as same-store sales increased 5%, slightly higher than estimates of 4.37%. ... last year's Q3 featured same-store sale growth of 7.6%. ... Chipotle opened 62 ...
Chipotle's long-term growth plans are still attractive to the Street. ... During Q2, digital sales made up 38% of Chipotle's total food and beverage revenue. Of the 47 new restaurants it opened ...
Per Bloomberg consensus estimates, Chipotle is expected to end 2024 with $11.3 billion in revenue and adjusted earnings per share of $1.10, compared to $0.90 in fiscal 2023 and $0.18 in 2018.
For Chipotle's Q1, revenue grew 14.1% to $2.7 billion, with same-store sales jumping by 7%. The company also beat expectations on the bottom line, with adjusted earnings per share coming in at $13 ...