Photo credit: Mike Mozart, Flickr
Chipotle Mexican Grill CMG reported quarterly earnings of $2.86 per share on Tuesday, which beat the analyst consensus estimate of $2.75. This is a 66.28% increase over earnings of $1.72 per share from the same period last year.
The company reported quarterly sales of $1.4 billion, which met the analyst consensus estimate. This is a 14.29% increase over sales of $1.225 billion the same period last year.
Fourth-quarters comparable store sales were up 13.4%. The company expects to open 150-165 new restaurants in fiscal 2020.
Chipotle shares closed at $884.82 and were trading up 2% in the after-hours session. The stock has a 52-week high of $890.17 and a 52-week low of $519.09.
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