Chipotle Mexican Grill (CMG) Misses Q4 EPS by 2c

Chipotle Mexican Grill (NYSE: CMG) reported Q4 EPS of $0.55, $0.02 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.04 billion.

Comparable restaurant sales for the month of December increased 14.7% and declined 4.8% for the full quarter.

For 2017, management is targeting the following:

• Comparable restaurant sales increases in the high-single digits
• 195 - 210 new restaurant openings
• An estimated effective full year tax rate to be between 39.0% and 39.5%, which will be impacted by volatility due to a recently issued accounting standard that changes how we account for taxes associated with stock-based compensation awards

For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.

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