Categories AlphaGraphs, Earnings
A quick look at the Chipotle Mexican Grill (CMG) Q1 2020 Earnings Results
Earnings results for the period ended March 31, 2020
Chipotle Mexican Grill (NYSE: CMG) reported revenue of $1.4 billion, up 7.8% year-over-year. Net income was $76.4 million, or $2.70 per diluted share compared to $88.1 million, or $3.13 per diluted share in the first quarter of 2019.
Company’s digital sales grew 80.8% and accounted for 26.3% of total sales. Comparable restaurant sales increased 3.3%. COVID-19 had a negative impact on the comparable restaurant sales during the month of March, resulting in a decline of 16.0%.
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