Chipotle Mexican Grill (NYSE:CMG) reported Q1 EPS of $5.70, $0.06 better than the analyst estimate of $5.64. Revenue for the quarter came in at $0 versus the consensus estimate of $2.01 billion. Comparable restaurant sales increased 9.0%.
GUIDANCE:
- Second quarter comparable restaurant sales growth, assuming current sales trends continue, in the 10% to 12% range
- Between 235 to 250 new restaurant openings (including 5 to 10 relocations to add a Chipotlane), which assumes construction and permit delays don't worsen
- An estimated underlying effective full year tax rate between 25% and 27% before discrete items
For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.