Shares of Chipotle Mexican Grill CMG moved higher in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 1765.00% year over year to $7.46, which beat the estimate of $6.49.
Revenue of $1,893,000,000 higher by 38.68% year over year, which beat the estimate of $1,880,000,000.
Looking Ahead
Chipotle Sees Q3 Comps Up In Low To Mid Double Digits Range
Details Of The Call
Date: Jul 20, 2021
Time: 04:30 PM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1894/41543
Recent Stock Performance
52-week high: $1626.57
52-week low: $1094.92
Price action over last quarter: Up 10.44%
Company Profile
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales approaching $6 billion in 2020. The Mexican concept is entirely company-owned, with a footprint of 2,800 stores heavily indexed to the United States, though the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
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