Chipotle Mexican Grill (CMG) Misses Q4 EPS by 25c, Comps Rise 5.7%

Chipotle Mexican Grill (NYSE: CMG) reported Q4 EPS of $3.48, $0.25 worse than the analyst estimate of $3.73. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.61 billion. Comparable restaurant sales increased 5.7%.

"We are pleased to report a strong ending to what has been a challenging year. Despite the difficult backdrop, our ability to pivot and adapt to the rapidly changing needs of our guests is a testament to the durability of our business model and the strength of our team members," said Brian Niccol, Chairman and Chief Executive Officer, Chipotle. "Expanding access and convenience through our digital ecosystem has kept the Chipotle brand relevant and with world class talent, an inclusive culture, strong business fundamentals and deep financial strength, we are well prepared to emerge even stronger post-COVID."

GUIDANCE:

For 2021, management is anticipating the following:

• Given on-going uncertainty surrounding the future impact of COVID-19 on the broader US economy and any specific impact to our company, we are not providing fiscal 2021 comparable restaurant sales growth guidance
• Around 200 new restaurant openings, which assumes minimal construction and permit delays related to COVID-19
• An estimated effective full year tax rate between 25% and 27%

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

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• MP Materials seen largely insulated after China export-control move
• Wintermar acquires full control of Fast Offshore Supply, adding 5 new CTVs