Categories AlphaGraphs, Consumer, Earnings
CMG Earnings: A snapshot of Chipotle Mexican Grill’s Q2 results
Restaurant chain Chipotle Mexican Grill, Inc. (NYSE: CMG) on Wednesday announced financial results for the second quarter of 2023.
The company said its second-quarter earnings, adjusted for special items, moved up to $12.65 per share from $9.3 per share in the comparable period of last year. On a reported basis, net income was $341.8 million or $12.32 per share, vs. $259.9 million or $9.25 per share in the prior-year quarter.
June quarter revenues came in at $2.51 billion, compared to $2.21 billion in the second quarter of 2022. Comparable restaurant sales grew 7.4% during the three-month period.
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