Tuesday February 6, 2024, 18:10:42

CMG (Post-Call): Carne Get Better Than This?

By Mark Kalinowski

After today’s (Tuesday’s) market close, Chipotle Mexican Grill reported Q4 2023 adjusted EPS of $10.36, ahead of our $9.49 forecast and sell-side consensus (according to Consensus Metrix) of $9.71. We attribute the earnings beat to leverage gained from better-than-expected same-store sales growth. Management indicates that at least part of the same-store sales robustness was achieved due to better throughput during key dayparts.

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Monday January 29, 2024, 07:05:00

CMG: Adjusting Our Estimates (1/29/2024)

By Mark Kalinowski

We believe that January has proven a tough month as regards same-store sales for a wide swath of the restaurant industry, including the fast-casual sector. Based on our conversations with industry contacts, bad weather – lapping a mild winter from one year ago – clearly seems to be the #1 reason behind the challenged January sales trends. As of today, it’s possible that February could prove to be similarly challenged.

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Thursday October 26, 2023, 17:56:58

CMG (Post-Call): An Unflappable Q3, But Spooky Margin Challenges Loom in Q4 and 2024

By Mark Kalinowski

After today’s (Thursday’s) market close, Chipotle Mexican Grill reported adjusted Q3 EPS of $11.36, coming in well ahead of our $10.50 forecast and sell-side consensus (according to Consensus Metrix) of $10.54.

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