Stock Analysis

Chipotle Mexican Grill Third Quarter 2024 Earnings: EPS Beats Expectations

Published
NYSE:CMG

Chipotle Mexican Grill (NYSE:CMG) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.79b (up 13% from 3Q 2023).
  • Net income: US$387.4m (up 24% from 3Q 2023).
  • Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: US$0.28 (up from US$0.23 in 3Q 2023).
NYSE:CMG Earnings and Revenue Growth October 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chipotle Mexican Grill EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Chipotle Mexican Grill has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.