Chipotle Mexican Grill Q1 2024 Adj EPS $13.37 Beats $11.68 Estimate, Sales $2.702B Beat $2.675B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chipotle Mexican Grill (CMG) reported Q1 2024 earnings of $13.37 per share, surpassing the consensus estimate of $11.68 by 14.47%. Sales reached $2.702B, exceeding estimates of $2.675B by 1.02% and marking a 14.05% increase from the previous year.
April 24, 2024 | 8:11 pm
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Chipotle Mexican Grill reported a significant beat on both earnings and sales for Q1 2024, with EPS at $13.37 against estimates of $11.68 and sales of $2.702B against estimates of $2.675B.
The substantial beat on both earnings per share and sales figures indicates strong operational performance and growth, likely leading to positive investor sentiment and potential short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100