Tuesday April 2, 2024, 09:33:51
CMG: Details About Today’s Menu-Price Increases in California
Yesterday, we published a note detailing Starbucks’ menu-price increases at 20 of its stores in California. That note is available at:
Tuesday February 6, 2024, 18:10:42
CMG (Post-Call): Carne Get Better Than This?
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.