Chipotle Mexican Grill (CMG) Earnings Date and Reports 2024 (2024)

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Chipotle Mexican Grill (CMG) Earnings Date and Reports 2024? ›

The consensus estimate for Chipotle Mexican Grill's current full-year earnings is $53.49 per share. Wedbush also issued estimates for Chipotle Mexican Grill's Q2 2025 earnings at $18.59 EPS and FY2025 earnings at $68.56 EPS.

The consensus estimate for Chipotle Mexican Grill's current full-year earnings is $53.49 per share. Wedbush also issued estimates for Chipotle Mexican Grill's Q2 2025 earnings at $18.59 EPS and FY2025 earnings at $68.56 EPS.

NEWPORT BEACH, Calif., April 24, 2024 /PRNewswire/ -- Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2024. First quarter highlights, year over year: Total revenue increased 14.1% to $2.7 billion.

Chipotle reported first-quarter net income of $359.3 million, or $13.01 per share, up from $291.6 million, or $10.50 per share, a year earlier. Excluding a 36-cent hit from increases to its legal reserves, the burrito chain earned $13.37 per share. Net sales climbed 14.1% to $2.7 billion.

Is Chipotle Mexican Grill stock a Buy, Sell or Hold? Chipotle Mexican Grill stock has received a consensus rating of buy. The average rating score is and is based on 71 buy ratings, 28 hold ratings, and 1 sell ratings.

A 20% wage hike in California

Because the average wage at Chipotle is below the new minimum, the chain will have to increase pay above that level for some workers to compensate for wage compression. Hartung said the chain intends to pass the cost of the wage increase on to consumers.

Newport Beach, California, U.S. Chipotle was one of the first chains of fast casual dining establishments. Founded by Steve Ells on July 13, 1993, Chipotle had 16 restaurants (all in Colorado) when McDonald's Corporation became a major investor in 1998.

The closing price for Chipotle Mexican Grill (CMG) in 2007 was $147.07, on December 31, 2007. It was up 158.5% for the year.

The fast casual restaurant chain Chipotle Mexican Grill earned a net income of approximately 1.23 billion U.S. dollars in 2023. During that same year, the annual revenue of Chipotle Mexican Grill exceeded nine billion U.S. dollars.

Is CMG a good investment? ›

Chipotle currently has an average brokerage recommendation (ABR) of 1.71, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 31 brokerage firms. An ABR of 1.71 approximates between Strong Buy and Buy.

Based on our forecasts, a long-term increase is expected, the "CMG" stock price prognosis for 2029-04-18 is 4731.120 USD. With a 5-year investment, the revenue is expected to be around +48.45%. Your current $100 investment may be up to $148.45 in 2029. Get It Now!

In 2006, McDonald divested its stake in Chipotle, allowing the company to operate fully as an independent entity. This move allowed Chipotle to pursue its own growth trajectory and stay true to its core values.

Chipotle Mexican Grill CEO Brian Niccol took home $38 million in 2020 — up from $33.5 million in 2019 — with a base salary of $1.24 million up from $1.20 million in 2019, according to the Newport Beach, Calif. -based company's proxy statement released on Monday.

Qdoba Mexican Eats, Moe's Southwest Grill, Baja Fresh Mexican Grill, and Rubio's Coastal Grill are Chipotle's main competitors. Although it is fast-food-oriented rather than fast-casual, Taco Bell has also started to compete with Chipotle by improving the quality of its food.

According to Chipotle Mexican Grill's latest financial reports the company's total debt is $4.05 B. A company's total debt is the sum of all current and non-current debts.

Chipotle Mexican Grill has a promising long-term outlook based on its Smartkarma Smart Scores. With a high score in Growth and Momentum, the company is positioned for strong future expansion and market performance. Additionally, its Resilience score indicates a solid ability to withstand economic challenges.

Chipotle (CMG) does not pay a dividend.

Chipotle Mexican Grill gross profit for the twelve months ending March 31, 2024 was $2.721B, a 20.91% increase year-over-year. Chipotle Mexican Grill annual gross profit for 2023 was $2.586B, a 25.41% increase from 2022. Chipotle Mexican Grill annual gross profit for 2022 was $2.062B, a 20.8% increase from 2021.

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