Chipotle Falls After Hours on Q4 Earnings Miss

1 min read

On a good day for the stock exchange, Chipotle Mexican Grill (NYSE: CMG) stock is having indigestion after hours.

That’s because the fast-casual restaurant operator posted fourth-quarter fiscal 2020 results that missed analyst expectations for profitability. On the bottom line for the quarter, Chipotle earned $99.3 million on a non-GAAP (adjusted) basis, or $3.48 per share. That was better than the $81 million of Q4 2019, but it fell short of the $3.73 per share that analysts collectively expected.

Chipotle essentially met the average prognosticator estimate for $1.6 billion in revenue. That was on the back of comparable-restaurant sales that rose 5.7%.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

United Parcel Service (UPS) Q4 2020 Earnings Call Transcript

Next Story

Ichor Holdings Ordinary Shares (ICHR) Q4 2020 Earnings Call Transcript

Latest from Blog