Chipotle (CMG) will report Q1 earnings tonight after the close. There is a conference call scheduled for 16:30.
Current Capital IQ consensus calls for Q1 EPS of $3.03 (versus $2.13 last year) on revs of $1.27 bln (+11% Y/Y) with comps of 7.3%.
Current FY19 guidance: mid-single digit comps and 140-155 new restaurant openings
Current Cap IQ estimates FY 19 EPS of $12.55 (vs $9.06 last year) on revs of $5.3 bln (+6% Y/Y). Comps estimate of 9%
CMG has rocketed higher during Q1 of 2019 as CMG is up more than 62% year-to-date.
CMG has ran up ~20% following where it closed following its Q4 report.
CMG has a $19.4 bln market cap and trades at a forward P/E of 57x
Chipotle Mexican Grill beats by $0.37, beats on revs; raises FY 19 comps outlook
Reports Q1 (Mar) earnings of $3.40 per share, $0.37 better than the S&P Capital IQ Consensus of $3.03; revenues rose 13.9% year/year to $1.31 bln vs the $1.27 bln S&P Capital IQ Consensus. Comparable restaurant sales increased 9.9%, net of 30 bps from loyalty deferral, and included 5.8% of comparable restaurant transaction growth and 2% in mix contribution
Digital sales grew 100.7% and accounted for 15.7% of sales for the quarter
Restaurant level operating margin was 21.0%, an increase from 19.5%
Mid to high single digit comparable restaurant sales growth, up from the prior mid-single digit growth expectation
continues to expect 140 to 155 new restaurant openings
Courtesy of briefing.com
FREE STUFF & SHAMELESS PLUGS:
This week’s in depth earnings packet can be purchased here:
Check out the latest episode from my podcast below.
FREE Trading Packet
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
If you'd like to follow my trades in real time click the "Join Now" button at the bottom of the page. For those that will and have asked, use the code 1ST on checkout for a discount with no commitment beyond one month.