Thursday December 5, 2024, 07:00:00

CMG: The Future Mix of Chipotlanes Relative to Chipotle’s Total Unit Count

By Mark Kalinowski

On November 20th, Chipotle “announced today the opening of its 1,000th Chipotlane restaurant on Thursday, November 21. Located in the Kansas City metro area, the milestone restaurant will feature the company’s signature digital order drive thru pick-up lane. Of the company’s more than 3,600 restaurants in its real estate portfolio, nearly 30% feature a Chipotlane. ‘Chipotlanes are a critical piece of our long-term growth goal of reaching 7,000 restaurants in North America,’ said Chris Brandt, Chief Brand Officer. ‘This restaurant format is the fastest way for fans to get Chipotle and has proven to increase sales, margins, and returns.’”

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Tuesday October 29, 2024, 18:06:16

CMG (Post-Call): A Heaping Portion of Sound Fundamentals

By Mark Kalinowski

After today’s (Tuesday’s) market close, Chipotle Mexican Grill reported Q3 adjusted EPS of $0.27. This was above our $0.24 forecast and sell-side consensus (according to Consensus Metrix) of $0.25.

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Wednesday July 24, 2024, 17:50:29

CMG (Post-Call): Q2 a Honey of a Quarter, But H2 Margin Pressure Anticipated

By Mark Kalinowski

After today’s (Wednesday’s) market close, Chipotle Mexican Grill reported that its Q2 adjusted EPS reached $0.34. This came in two cents ahead of our $0.32 forecast as well as sell-side consensus (according to Consensus Metrix) of $0.32.

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