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Chipotle (CMG)
NYSE:CMG
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Earnings Data
Report Date
Feb 04, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.24Last Year’s EPS
$0.21Same Quarter Last Year
Moderate Buy
Based on 22 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 1.41%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong performance in terms of revenue growth, expansion, and successful promotions. However, there are ongoing challenges with cost pressures and operational efficiencies, which slightly offset the overall positive sentiment.Company Guidance
During the Chipotle Mexican Grill Q3 2024 earnings call, the executives provided guidance that demonstrated strong growth and strategic focus. Sales for the quarter grew 13% year-over-year, reaching $2.8 billion with a 6% comparable sales increase driven by over 3% transaction growth. In-restaurant sales rose by 18%, while digital sales accounted for 34% of the total revenue. The restaurant-level margin stood at 25.5%, a slight decrease of 80 basis points from the previous year. Chipotle also opened 86 new restaurants, including 73 with Chipotlanes, contributing to their long-term goal of expanding to 7,000 locations in North America. The company's adjusted diluted EPS grew by 17% to $0.27, despite some cost pressures from avocados and dairy. Looking ahead, Chipotle maintains its full-year guidance of mid- to high single-digit comps and plans to open between 315 and 345 new restaurants in 2025, with at least 80% featuring a Chipotlane.Strong Revenue Growth
Sales grew 13% year-over-year to reach $2.8 billion, driven by a 6% comp with over 3% transaction comp growth.
Digital and In-Restaurant Sales
In-restaurant sales grew by 18% over last year, and digital sales represented 34% of total sales.
New Restaurant Openings and Expansion
Opened 86 new restaurants, including 73 Chipotlanes, and plan to open 315 to 345 new restaurants in 2025.
Successful Limited Time Offers
Smoked brisket and Chipotle Honey Chicken show strong sales performance, driving incremental transactions and spend.
Positive International Expansion
Entered a new market in Edmonton, Canada, and opened the first restaurant in Dubai with strong performance.
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CMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $60.49 | $55.73 | -7.87% |
| Jul 24, 2024 | $51.78 | $50.82 | -1.85% |
| Apr 24, 2024 | $58.54 | $62.24 | +6.32% |
| Feb 06, 2024 | $49.75 | $53.34 | +7.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chipotle (CMG) report earnings?
Chipotle (CMG) is schdueled to report earning on Feb 04, 2025, After Close Not Confirmed.
What is Chipotle (CMG) earnings time?
Chipotle (CMG) earnings time is at Feb 04, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMG EPS forecast?
CMG EPS forecast for the fiscal quarter 2024 (Q4) is $0.24.
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