Categories Consumer, Earnings

Chipotle Mexican Grill, Inc. (CMG): Q4 2019 Earnings Snapshot

—  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.

Chipotle Mexican Grill Q4 2019 earnings infographics

— 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. 

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Also Read:  Philip Morris International Inc. (PM) Q3 2020 Earnings Call Transcript

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