Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
United StatesIPO:
26 January 2006Website:
http://www.chipotle.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
regular market | 9 min agoDividend
Analysts recommendations
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CMG Latest News
Here is how Chipotle Mexican Grill (CMG) and Cheesecake Factory (CAKE) have performed compared to their sector so far this year.
Chipotle announced that it has been regularly providing "generous portions" to address customer complaints on social media about smaller serving sizes. They aim to meet the expectations of their customers.
Chipotle is expanding rapidly, so why has its stock price fallen?
Chipotle Mexican Grill's stock recently experienced a drop, which smart investors are taking advantage of. The decline was caused by disappointing results and forecasts, but it mainly reflects market sentiment; while the results didn't meet expectations, they are still strong and beneficial for investors.
CMG's results for the third quarter of 2024 improved due to the opening of new restaurants and an increase in sales at existing locations.
Chipotle Mexican Grill Inc (NYSE:CMG) saw its shares drop before the market opened on Wednesday due to disappointing third-quarter revenue results. The company reported a 13% increase in revenue, reaching $2.79 billion for the three months ending in September, but this fell short of analysts' expectations of $2.82 billion.
Chipotle has stated that it is working to provide "consistent and generous portions" in response to customer feedback. This effort, along with unexpected changes in avocado prices, has affected the company's profits.
Chipotle Mexican Grill, Inc. (NYSE:CMG) held its Q3 2024 earnings call on October 29, 2024, at 4:30 PM ET. The call featured company representatives including Cindy Olsen, Scott Boatwright, Adam Rymer, and Jack Hartung, along with various conference call participants from different financial institutions. The operator welcomed everyone and noted that all participants would be in listen-only mode.
While the revenue and earnings per share (EPS) for Chipotle (CMG) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Chipotle Mexican Grill (CMG) reported quarterly earnings of $0.27 per share, which is higher than the Zacks Consensus Estimate of $0.25 per share. This is an increase compared to last year's earnings of $0.23 per share.
What type of business is Chipotle Mexican Grill?
Chipotle Mexican Grill, Inc. is a chain of restaurants in the USA, UK, Canada, Germany, and France, specializing in burritos and tacos. The company was founded in 1993, with headquarters in Newport Beach, California. The company promotes the mission of Food with Integrity, highlighting its efforts to use natural products and meat from livestock raised in a more natural way compared to other restaurant chains. Chipotle was one of the first fast-casual restaurant concepts. In 1998, McDonald's Corporation became the main investor. By the time McDonald's completely divested from Chipotle in 2006, the chain had 500 locations. In 2013, the company had over 1700 locations.
What sector is Chipotle Mexican Grill in?
Chipotle Mexican Grill is in the Consumer Cyclical sector
What industry is Chipotle Mexican Grill in?
Chipotle Mexican Grill is in the Restaurants industry
What country is Chipotle Mexican Grill from?
Chipotle Mexican Grill is headquartered in United States
When did Chipotle Mexican Grill go public?
Chipotle Mexican Grill initial public offering (IPO) was on 26 January 2006
What is Chipotle Mexican Grill website?
https://www.chipotle.com
Is Chipotle Mexican Grill in the S&P 500?
Yes, Chipotle Mexican Grill is included in the S&P 500 index
Is Chipotle Mexican Grill in the NASDAQ 100?
No, Chipotle Mexican Grill is not included in the NASDAQ 100 index
Is Chipotle Mexican Grill in the Dow Jones?
No, Chipotle Mexican Grill is not included in the Dow Jones index
When was Chipotle Mexican Grill the previous earnings report?
No data
When does Chipotle Mexican Grill earnings report?
Next earnings report date is not announced yet