Chipotle Mexican Grill Inc (NYSE:CMG) shares slumped ahead of Wednesday's opening bell after third-quarter revenue figures disappointed. Revenue climbed by 13% to $2.79 billion over the three months to September, the restaurant operator reported on Tuesday, missing analysts' estimates for $2.82 billion.
Chipotle Mexican Grill, Inc. (NYSE:CMG ) Q3 2024 Earnings Call Transcript October 29, 2024 4:30 PM ET Company Participants Cindy Olsen - Head of Investor Relations and Strategy Scott Boatwright - Interim Chief Executive Officer Adam Rymer - Chief Financial Officer Jack Hartung - President and Chief Strategy Officer Conference Call Participants Andrew Charles - TD Cowan David Tarantino - Baird Sara Senatore - Bank of America David Palmer - Evercore ISI Christine Zhao - Goldman Sachs Brian Harbour - Morgan Stanley John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Chris O'Cull - Stifel Brian Bittner - Oppenheimer Sharon Zackfia - William Blair Danilo Gargiulo - Bernstein Operator Good day, and welcome to the Chipotle Mexican Grill Third Quarter 2024 Results Conference Call. All participants will be in listen-only mode.
Although the revenue and EPS for Chipotle (CMG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Chipotle Mexican Grill (CMG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.23 per share a year ago.
Chipotle Mexican Grill (CMG) shares fell in late trading after the company indicated that same-store sales growth may be lower than anticipated.
Restaurant stock Chipotle Mexican Grill CMG reported third-quarter financial results after the market close Tuesday.
Shares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the Mexican fast-casual chain reported quarterly sales trends that were a bit weaker than expected.
Chipotle is reporting earnings after the bell, and executives will hold a conference call with investors at 5 p.m. ET. This earnings report is Chipotle's first since CEO Brian Niccol left for Starbucks.
@LikeFolio's Landon Swan looks at the affordability across the fast casual restaurant industry as consumers face higher menu prices. Chipotle (CMG) has seen nearly 50% year-over-year growth on its app following its smoked brisket limited time offering.
Chipotle Mexican Grill (CMG) concluded the recent trading session at $59.44, signifying no movement from its prior day's close.
In the most recent trading session, Chipotle Mexican Grill (CMG) closed at $59.44, indicating a +0.71% shift from the previous trading day.
CMG's third-quarter performance is likely to have gained from digital initiatives, Chipotlane add-ons and new restaurant openings.