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

Key Financial Results

• Revenue: US$2.79b (up 13% from 3Q 2023).
• Net income: US$387.4m (up 24% from 3Q 2023).
• Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.28 (up from US$0.23 in 3Q 2023).

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

Chipotle Mexican Grill EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

The company's shares are down 5.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Chipotle Mexican Grill has 1 warning sign we think you should be aware of.

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