CMG Earnings Prediction
The chart below shows how CMG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CMG sees a -1.35% change in stock price 10 days leading up to the earnings, and a +1.36% change 10 days following the report. On the earnings day itself, the stock moves by +0.02%. This data can give you a slight idea of what to expect for the next quarter's release.
CMG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.79B
13.01%
-6.04%
Gross Margin
27.58%
-2.27%
-10.34%
Operating Margin
17.48%
7.44%
-12.20%
Net Margin
13.87%
9.47%
-9.52%
EPS
0.28
-97.53%
-15.15%
No Data Available
CMG Earnings Analysis
Chipotle Mexican Grill, Inc. Corporation (CMG.N) Earnings Conference Call
Positive
Sales Growth Analysis: Sales grew 13% to reach $2.8 billion, driven by a 6% comp with over 3% transaction comp growth.
Sales Growth Surge: Restaurant sales grew by 80% over last year.
Digital Sales Contribution: Digital sales represented 34% of sales.
EPS Growth Rate: Adjusted diluted EPS was $0.27, representing 17% growth over last year.
New Restaurant Openings: We opened 86 new restaurants, including 73 Chipotlanes.
Negative
Restaurant Margin Decline: Restaurant level margin was 25.5%, a decrease of 80 basis points year-over-year.
Cost of Sales Increase: Cost of sales in the quarter were 30.6%, an increase of about 90 basis points from last year.
Equity Awards Impact: The third quarter benefited from equity awards for feited by our former CEO and again on an investment, but these were partially offset by the impairment of a corporate asset and equity awards granted for retention of key executives.
Earnings Per Share Impact: Collectively, these positively impacted our earnings per share by $0.01, leading to GAAP earnings per share of $0.28.
Labor Cost Stability: Labor costs for the quarter were 24.9%, about flat to last year, as the benefit from sales leverage offset wage inflation.
CMG FAQs
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CMG Earning Call Sentiment
Chipotle Mexican Grill, Inc. (CMG) Q3 2024 Earnings Call Transcript
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CMG.N
2.82%Positive
Chipotle's earnings report shows solid financial performance with a 13% YoY sales increase and strong in-restaurant sales growth. Despite a slight margin decline, the company maintains positive guidance and plans significant new restaurant openings. The Q&A revealed confidence in future growth and efficiency improvements, though some uncertainty remains around pricing strategies. The substantial share repurchase and authorization indicate strong shareholder returns. Overall, these factors suggest a positive stock price movement in the short term.