Chipotle reports Q3 adjusted EPS 27c, consensus 25c

Reports Q3 revenue $2.8B, consensus $2.82B. Comparable restaurant sales increased 6.0%. “Our focus on exceptional people, food and throughput and the long-awaited return of Smoked Brisket drove another quarter of strong results led by transaction growth,” said Scott Boatwright, Interim CEO, Chipotle (CMG). “Our teams work hard to deliver extraordinary value to our guests as they provide our fresh, delicious and customizable culinary experience, at accessible prices to millions of people every day. They are the backbone of Chipotle and, together with our support centers, we will continue to execute against our five key strategies that help us win today, while we grow our future. This will help us to achieve our long-term target of reaching 7,000 restaurants in North America and move towards a more global brand.”