Chipotle Mexican Grill (NYSE: CMG ) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Chipotle Mexican Grill beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Revenue details
Chipotle Mexican Grill booked revenue of $640.6 million. The 22 analysts polled by S&P Capital IQ predicted revenue of $629.7 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $509.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Non-GAAP EPS came in at $2.08. The 24 earnings estimates compiled by S&P Capital IQ forecast $1.93 per share on the same basis. GAAP EPS of $1.97 for Q1 were 35% higher than the prior-year quarter's $1.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 37.7%, 120 basis points better than the prior-year quarter. Operating margin was 16.2%, 120 basis points better than the prior-year quarter. Net margin was 9.8%, 70 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $701.2 million. On the bottom line, the! average EPS estimate is $2.24.
Next year's average estimate for revenue is $2.76 billion. The average EPS estimate is $8.77.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 2,566 members out of 3,066 rating the stock outperform, and 500 members rating it underperform. Among 1,077 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 964 give Chipotle Mexican Grill a green thumbs-up, and 113 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chipotle Mexican Grill is outperform, with an average price target of $389.81.
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