Tuesday April 26, 2022, 17:46:17
By Mark Kalinowski
After today’s market close, Chipotle reported adjusted Q1E EPS of $5.70. This was slightly below our $5.75 estimate, but slightly above sell-side consensus (according to Consensus Metrix) of $5.66. However, the adjusted Q1 tax rate came to 16.7%. This was meaningfully more favorable than our 25.0% forecast and consensus of 25.0%. We calculate that this difference between the actual adjusted tax rate and our 25.0% forecast helped Q1 EPS by about +59 cents.
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Monday February 14, 2022, 07:00:00
By Mark Kalinowski
Shares of CMG are down by -10.7% year-to-date, modestly underperforming the S&P 500’s -7.3% decline. Since we initiated coverage of Chipotle Mexican Grill on November 15, 2021, CMG shares have declined by -15.1%, versus the S&P 500’s -5.6% decrease. This provides some context for the following fundamental items that, in our view, have improved since mid-November:
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Tuesday February 8, 2022, 17:57:14
By Mark Kalinowski
After today’s (Tuesday’s) market close, Chipotle Mexican Grill reported adjusted Q4 EPS of $5.58, coming in above our $5.25 forecast and sell-side consensus (according to Consensus Metrix) of $5.25.
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