Chipotle Mexican Grill Q2 EPS $12.65 Beats $12.31 Estimate, Sales $2.51B Miss $2.53B Estimate
Portfolio Pulse from Bill Haddad
Chipotle Mexican Grill (NYSE:CMG) reported Q2 earnings of $12.65 per share, beating the analyst consensus estimate of $12.31 by 2.76%. This is a 36.02% increase from the same period last year. However, the company's quarterly sales of $2.51 billion missed the analyst consensus estimate of $2.53 billion by 0.60%, but still represents a 13.64% increase from the same period last year.
July 26, 2023 | 8:10 pm
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Chipotle's Q2 earnings beat estimates but sales missed. Earnings per share were $12.65, up 36.02% YoY, while sales were $2.51B, up 13.64% YoY but below estimates.
Chipotle's earnings beat estimates, which is positive for the stock. However, the miss on sales could offset this positive impact. The overall impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100