
Chipotle Mexican Grill reported its Q3 2024 earnings, revealing a revenue of $2.79 billion, which fell short of analysts' expectations of $2.82 billion, marking a 13% increase year-over-year. The company's adjusted earnings per share (EPS) was $0.27, surpassing the forecast of $0.25 and reflecting a year-over-year increase of 17.4%. Net income for the quarter reached $387.4 million, up 23.7% from the previous year. Comparable restaurant sales growth was reported at 6.0%, slightly below the expected 6.4%. In response to its performance, Chipotle's board approved an additional $900 million share buyback program. Following the earnings announcement, the stock experienced a decline of approximately 4% in after-hours trading.
$CMG | Chipotle missed revenue estimates and reiterated its full year outlook. The stock is -4.0% after-hours. ๐น EPS: $0.28 vs. $0.25 est. โ ๐น Revenue: $2.79B vs. $2.81B est. ๐ด https://t.co/7rNiBr5uMf
Chipotle Earnings Breakdown ( $CMG ) RESULTS ๐ด Revenue: $2.79B (est $2.82B) ๐ข EPS: $0.27 (est $0.25) https://t.co/uqoxygapWS
$CMG (-3.6% pre) Chipotle misses revenue estimates as same-store sales growth disappoints - CNBC https://t.co/CwluPMQWBT




