Chipotle Mexican Grill Q2 Adj $0.34 Beats $0.32 Estimate, Sales $2.97B Beat $2.94B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chipotle Mexican Grill (NYSE:CMG) reported Q2 earnings of $0.34 per share, beating the analyst estimate of $0.32. Sales were $2.97 billion, surpassing the $2.94 billion estimate. This represents a 36% increase in earnings and an 18.22% increase in sales compared to the same period last year.
July 24, 2024 | 8:11 pm
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Chipotle Mexican Grill reported Q2 earnings of $0.34 per share, beating the analyst estimate of $0.32. Sales were $2.97 billion, surpassing the $2.94 billion estimate. This represents a 36% increase in earnings and an 18.22% increase in sales compared to the same period last year.
The positive earnings and sales figures, both beating analyst estimates, indicate strong financial performance and growth for Chipotle. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100