The company said total revenue for the quarter ended June 30 in Q2 2024 rose to $3.0 billion, up 18.2% from a year earlier, and comparable restaurant sales increased 11.1%. It cited transaction growth of 8.7% and a 2.4% increase in average check as factors behind the comparable sales gain.

1. 01

   The company said total revenue for the quarter ended June 30 in Q2 2024 rose to $3.0 billion, up 18.2% from a year earlier, and comparable restaurant sales increased 11.1%. It cited transaction growth of 8.7% and a 2.4% increase in average check as factors behind the comparable sales gain.

2. 02

   Chipotle Mexican Grill said operating margin for Q2 was 19.7%, up from 17.2% a year earlier. Net income was $455.7 million, or $0.33 per diluted share, compared with $341.8 million, or $0.25 per diluted share, a year earlier.

3. 03

   The company said it repurchased $151.4 million of stock at an average price of $63.52 per share in Q2. It said $647.7 million remained available under its Board of Directors' repurchase authorizations as of June 30, including an additional $400 million approved by the Board on June 5.

4. 04

   Chipotle Mexican Grill said it expects full-year 2024 comparable restaurant sales growth in the mid to high-single digit range and 285 to 315 new restaurant openings, with over 80% of them including a Chipotlane. It also estimated its underlying effective full-year tax rate before discrete items at 25% to 27%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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