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

Key Financial Results

• Revenue: US$2.97b (up 18% from 2Q 2023).
• Net income: US$455.7m (up 33% from 2Q 2023).
• Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.33 (up from US$0.25 in 2Q 2023).

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

Chipotle Mexican Grill Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks.

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