earnings
confidence high
sentiment positive
materiality 0.85
Chipotle Q2 revenue up 18.2% to $3.0B; comp sales +11.1%; EPS $0.33; authorizes $400M buyback
CHIPOTLE MEXICAN GRILL INC
2024-Q2 EPS reported
$0.59
revenue$5,674,966,000
- Revenue $3.0B (+18.2% YoY); comparable sales +11.1% driven by 8.7% transaction growth.
- Diluted EPS $0.33 (+32%); adjusted diluted EPS $0.34 (+36%).
- Operating margin 19.7% (up from 17.2%); restaurant-level margin 28.9% (+140 bps).
- Opened 52 new company-owned restaurants (46 with Chipotlane); digital sales 35.3%.
- Board authorized $400M stock repurchase program in addition to prior authorizations.