Chipotle Earnings: Another Rough Quarter
Here's our initial take on 's (NYSE: CMG) financial report.
Chipotle managed to eke out 3% revenue growth in the second quarter, below analyst expectations, only because it opened 61 new company-owned restaurants. Comparable-restaurant sales dropped 4%, compared to 11% growth in the same period last year, driven by a 4.9% decline in transactions.
Profitability also suffered. Adjusted earnings per share was down slightly, while operating margin contracted by 1.5 percentage points to 18.2%. The negative impacts of lower sales volumes and cost inflation for some ingredients were partially offset by menu price increases.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€29.65
2.950%
The stock is an absolute favorite of our community with 61 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 31.53% for Chipotle Mexican Grill Inc. compared to the current price of 29.65 €.
