Chipotle CEO Scott Boatwright joins 'Mad Money' host Jim Cramer to talk quarterly results, footprint expansion, the impact of tariffs and more.
Although the revenue and EPS for Chipotle (CMG) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Chipotle has found new sources of avocados for its guacamole over the last two years. But the chain could still take a hit if President Donald Trump adds tariffs to Mexican imports.
Chipotle Mexican Grill (CMG) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.21 per share a year ago.
Chipotle Mexican Grill does not expect a major disruption from President Donald Trump's potential tariffs on Mexico, and said it only sources about half of its avocados from Mexico. If Trump goes ahead with his plans to impose 25% tariffs on imports from Mexico and Canada, in addition to 10% duties on Chinese goods, Chipotle expects to see its cost of sales rise by 60 basis points, or 0.6 percentage points.
CNBC's Courtney Reagan joins 'Closing Bell Overtime' with Chipotle earnings.
Its revenue fell slightly short of estimates, pushing its share price down.
Some analysts said tougher comparisons, harsher weather and holiday timing may have put pressure on the fast-casual chain's recent sales.
Chipotle Mexican Grill's stock has climbed 17% over the past year. The burrito chain announced Scott Boatwright as its permanent CEO in November.
Chipotle Mexican Grill, Inc. CMG will release its fourth-quarter financial results, after the closing bell, on Tuesday, Feb. 4, 2025.
The stock of Chipotle Mexican Grill (CMG -0.02%) closed at its all-time high of $68.55 on June 18, 2024. At the time, investors were dazzled by the fast-casual restaurant chain's robust growth in comparable-store sales (comps), resilient margins, and clear expansion plans.
Chipotle (CMG) possesses solid growth attributes, which could help it handily outperform the market.