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Chipotle (CMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2024, Chipotle Mexican Grill (CMG - Free Report) reported revenue of $2.79 billion, up 13% over the same period last year. EPS came in at $0.27, compared to $0.23 in the year-ago quarter.
The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $2.82 billion. With the consensus EPS estimate being $0.25, the EPS surprise was +8.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chipotle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Company-operated restaurants at end of period: 3,615 compared to the 3,606 average estimate based on 11 analysts.
Comparable restaurant sales increase: 6% versus the 11-analyst average estimate of 6.4%.
Company-operated restaurants opened: 86 versus 76 estimated by six analysts on average.
Company-operated restaurants at beginning of period: 3,530 versus the four-analyst average estimate of 3,530.
Average restaurant sales - TTM: $3.18 million compared to the $3.35 million average estimate based on two analysts.
Revenues- Food and beverage: $2.78 billion versus $2.81 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
Revenues- Delivery service: $15.54 million versus the four-analyst average estimate of $16.63 million. The reported number represents a year-over-year change of -2.3%.
Shares of Chipotle have returned +5.2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Chipotle (CMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2024, Chipotle Mexican Grill (CMG - Free Report) reported revenue of $2.79 billion, up 13% over the same period last year. EPS came in at $0.27, compared to $0.23 in the year-ago quarter.
The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $2.82 billion. With the consensus EPS estimate being $0.25, the EPS surprise was +8.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chipotle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Company-operated restaurants at end of period: 3,615 compared to the 3,606 average estimate based on 11 analysts.
- Comparable restaurant sales increase: 6% versus the 11-analyst average estimate of 6.4%.
- Company-operated restaurants opened: 86 versus 76 estimated by six analysts on average.
- Company-operated restaurants at beginning of period: 3,530 versus the four-analyst average estimate of 3,530.
- Average restaurant sales - TTM: $3.18 million compared to the $3.35 million average estimate based on two analysts.
- Revenues- Food and beverage: $2.78 billion versus $2.81 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Revenues- Delivery service: $15.54 million versus the four-analyst average estimate of $16.63 million. The reported number represents a year-over-year change of -2.3%.
View all Key Company Metrics for Chipotle here>>>Shares of Chipotle have returned +5.2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.