— Chipotle Mexican Grill (NYSE: CMG) reported earnings of $2.86 per share in the fourth quarter of 2019, vs $2.75 per share expected.
— Total revenue rose 17.6% to $1.4 billion, in line with street projection, driven by a 13.4% increase in comparable restaurant sales and new restaurant openings.
— Digital sales grew 78.3% and accounted for 19.6% of sales.
— Opened 80 new restaurants in Q4.
— For 2020, company expects mid-single digit comparable restaurant sales growth. Chipotle also plans to open 150-165 new restaurants during this period.
— CMG shares gained 2.3% immediately following the announcement.
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