Categories AlphaGraphs, Consumer, Earnings
CMG Infographic: A snapshot of Chipotle Mexican Grill’s Q4 report
Fast-food chain Chipotle Mexican Grill (NYSE: CMG) on Tuesday reported higher sales and profit for the fourth quarter of 2022 amid continued strong growth in comparable store sales.
Net income, excluding special items, moved up to $8.29 per share in the final three months of 2022 from $5.58 per share in the comparable period last year. On a reported basis, fourth-quarter net income was $223.7 million or $8.02 per share, compared to $133.5 million or $4.69 per share a year earlier.
Driving the earnings growth, revenues rose 11.2% from last year to $2.2 billion in the December quarter. Comparable restaurant sales increased 5.6% year-over-year.
Check this space to read management/analysts’ comments on quarterly reports
“Our continued focus on recruiting and retaining the best people, delivering Chipotle’s operational standards with delicious food prepared fresh daily uniquely positions Chipotle to successfully expand to 7,000 restaurants over the long term,” said Chipotle’s CEO Brian Niccol.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Costco Q4 2024 profit rises on higher sales; beats estimates
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, Thursday reported higher earnings and sales for the fourth quarter of 2024. Earnings came in above estimates. Revenues
Micron’s (MU) strong Q4 report and bullish guidance fire up the chip industry
Shares of Micron Technology Inc. (NASDAQ: MU) rallied this week after the memory chipmaker reported positive fourth-quarter results and issued bullish guidance, gaining as much as 15% soon after the
Main takeaways from Accenture’s (ACN) Q4 2024 earnings report
Shares of Accenture plc (NYSE: ACN) rose over 4% on Thursday, after the company delivered better-than-expected earnings results for the fourth quarter of 2024. Revenue and earnings grew on a