Chipotle Q1 revenue $2.7B (+14.1%), comps +7%, EPS $13.01 (+23.9%)

CHIPOTLE MEXICAN GRILL INC

2024-Q1 EPS reported $13.01 revenue$2,701,848,000

Diluted EPS of $13.01, up 23.9% YoY; adjusted EPS of $13.37, up 27.3%.
Restaurant level operating margin 27.5%, up 190 bps from 25.6%.
Opened 47 new restaurants, 43 with Chipotlane; digital sales 36.5% of revenue.
Food costs decreased 40 bps to 28.8% of revenue, helped by October 2023 menu price increase.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CHIPOTLE MEXICAN GRILL INC reported first quarter ended March 31, 2024 results: revenue $2.7 billion, EPS $13.01.

Period: first quarter ended March 31, 2024
Revenue: $2.7 billion
EPS: $13.01
Result: reported results

Exact text from the filing

Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2024. First quarter highlights, year over year: • Total revenue increased 14.1% to $2.7 billion • Comparable restaurant sales increased 7.0% • Operating margin was 16.3%, an increase from 15.5% • Restaurant level operating margin was 27.5% 1 , an increase of 190 basis

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Source: SEC EDGAR

accession 0001058090-24-000012

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