earnings
confidence high
sentiment positive
materiality 0.75
Chipotle Q3 revenue $2.8B (+13%), comps +6%, EPS $0.28; $900M buyback authorized
CHIPOTLE MEXICAN GRILL INC
2024-Q3 EPS reported
$0.87
revenue$8,468,543,000
- Total revenue $2.8B (+13% YoY); comparable sales +6% driven by transaction growth of 3.3%.
- Diluted EPS $0.28 (adj. $0.27), up 21.7% from $0.23; operating margin improved to 16.9%.
- Restaurant-level operating margin slipped to 25.5% from 26.3% due to avocado/dairy inflation and generous portions.
- Opened 86 new company-operated restaurants (73 with Chipotlane); digital sales 34% of food revenue.
- Board authorized $900M additional stock repurchase, supplementing prior authorizations.