Chipotle Q3 Earnings Highlights: Revenue Miss, EPS Beat, Store Guidance Update, 'Strong Results Led By Transaction Growth'
Portfolio Pulse from Chris Katje
Chipotle Mexican Grill reported Q3 earnings with a revenue miss but an EPS beat. The company saw a 13% revenue increase year-over-year, but missed the consensus estimate. EPS beat expectations, and comparable restaurant sales grew by 6%. Chipotle opened 86 new restaurants and plans significant expansion in the coming years.
October 29, 2024 | 8:36 pm
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Chipotle reported a revenue miss but an EPS beat for Q3. Despite a 13% revenue increase, it fell short of expectations. The company plans to open more restaurants, aiming for long-term growth. Stock down 6% after-hours.
Chipotle's revenue miss despite a year-over-year increase suggests potential concerns about growth expectations. The EPS beat is positive, but the market's reaction, with a 6% drop in after-hours trading, indicates investor disappointment. The company's expansion plans are ambitious, but the immediate focus is on the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100