Wednesday June 26, 2024, 07:00:00
By Mark Kalinowski
Today (Wednesday, June 26, 2024) is the first day that shares of Chipotle Mexican Grill will trade following their historic, 50-for-1 stock split. For more information about Chipotle’s first-ever stock split, click on:
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Monday June 17, 2024, 07:00:00
By Mark Kalinowski
The fast-casual segment of the domestic restaurant industry continues to put up both: (1) the highest same-store sales growth numbers of any major segment of the industry, and (2) the highest net-unit growth rates of any major sector. However, these gains are not nearly equal across all fast-casual concepts – clearly, some are doing much better than others on both of these fronts.
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Wednesday April 24, 2024, 18:03:30
By Mark Kalinowski
After today’s (Wednesday’s) market close, Chipotle Mexican Grill reported its Q1 adjusted EPS reached $13.37, notably above our $11.20 forecast and sell-side consensus (according to Consensus Metrix) of $11.67. The Q1 adjusted tax rate came to 22.1%, more favorable than our 25.5% forecast and consensus of 25.2%. Relative to consensus, the more favorable Q1 adjusted tax rate helped EPS by about +54 cents. This leaves +116 cents of the Q1 EPS beat attributable to other factors.
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