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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.
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.
So when Chipotle's third-quarter same-store sales growth fell to "just" 6%, investors were disappointed. For comparison, McDonald's same-store sales in the third quarter dropped 1.5%.
In Q2, Chipotle generated $2.97 billion in revenue and $455.7 million in net income, for year-over-year growth of 18.2% and 33.3%, respectively. Its revenue growth was partly attributable to the ...
Steve Ells (born September 12, 1965) [1] is an American businessman. He is the founder, former chief executive officer, and former executive chairman of Chipotle Mexican Grill. Ells founded Chipotle in 1993, [1] and under his direction, [2] the chain serves what it describes as "naturally raised meat" and promotes sustainable agriculture. [3]
For example, during the week ending July 16, foot traffic jumped 12.3% compared to a year ago, but in the last week of September, that increase was 3.9%. Though Chipotle trades at a premium ...
[1] Chipotle originally selected Frank Ocean to perform "Pure Imagination" for the commercial, but he asked to be removed after the chain declined to remove its logo from the spot. [9] He was ultimately replaced by Fiona Apple. [10] In March 2014, Chipotle sued Ocean for the $212,500 advance that they had paid him to perform in the commercial. [11]
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 ...