Chipotle Q4 Earnings Beat Expectations

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Chipotle Mexican Grill: EPS übertrifft Schätzungen um 0,02 $ - Umsatz schlechter als erwartet
Chipotle Mexican Grill: EPS übertrifft Schätzungen um 0,02 $ - Umsatz schlechter als erwartet from

Chipotle: Q4 Earnings Beat Expectations

EPS Tops Estimates, Revenue Misses

Chipotle Mexican Grill reported its fourth-quarter earnings on Tuesday, beating expectations on earnings per share but missing on revenue estimates. The company's EPS came in at $8.29 per share, exceeding the Refinitiv consensus estimate of $8.27. Meanwhile, revenue totaled $2.18 billion, falling short of the $2.21 billion estimate.

Key Highlights:

Despite the revenue miss, Chipotle's CEO, Brian Niccol, expressed optimism about the company's future performance. "We remain committed to delivering industry-leading returns for our shareholders and believe that our long-term growth prospects are strong," he said.

Outlook:

For the full year 2023, Chipotle expects comparable restaurant sales growth in the range of 6% to 8%. The company also anticipates opening 245 to 255 new restaurants.