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Chipotle Reports on Q2 of FY 2019

07/23/2019

In a press release dated July 23rd Chipotle Mexican Grill (CMG) announced results for the 2nd Quarter of Fiscal 2019 ending June 30th 2019.

 

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as $ x 1,000 except EPS)

 

2nd Quarter Ending June 30th.

2019

2018

Difference (%)

Sales:

$1,434,231

$1,266,520

+13.3

Gross profit:

$950,947

$853,424

+11.4

Operating income:             

$120,020

$67,957

+76.6

Pre-tax Income

Net Income

            $123,967

             $91,028

$70,280

$46,884

+76.4

+94.2

Diluted earnings per share:

$3.22

$1.68

+91.7

Gross Margin (%) (Revenue -food, packaging & consumables)

66.3

67.4

-1.6

Operating Margin (%)

8.3

5.3

+56.6

Profit Margin (%)

6.3

3.7

+70.3

Long-term debt and lease obligations

$2,534,769

                      $0

               -

12 Months Trailing:

 

 

 

           Return on Assets    (%)

7.1

 

 

           Return on Equity    (%)

14.4

 

 

           Operating Margin   (%)

7.6

 

 

           Profit Margin          (%)

4.1

 

 

Total Assets

$4,659,307

        $2,265,518

     +105.6

Market Capitalization

$20,500,000

                    

          

 

52-Week Range in Share Price:  $383.20      to        $ 795.99

Market Close 23rd July 739.60   After hours, post release $765.30 (+3.5 percent)

Forward P/E 43.9                  Beta 1.2

 

Growth in same store sales:10.0 percent compared to Q2 2018.

Digital sales doubled, representing 18 percent of store revenue.


 

On commenting on results Brian Niccol, CEO stated “we're pleased with our financial performance, which marks the sixth consecutive quarter of accelerating comps and reflects continued progress on our key strategic initiatives," He added "these strong results were delivered despite a tougher year-over-year comparison and benefited from better restaurant operations, more effective marketing, and leveraging our digital make line to grow sales and expand access."