Chipotle Mexican Grill said comparable restaurant sales rose 6.0% for the 3 months ended September 30, 2024. The company attributed the increase to a 3.3% rise in transactions and a 2.7% increase in average check.

1. 01

   Chipotle Mexican Grill said comparable restaurant sales rose 6.0% for the 3 months ended September 30, 2024. The company attributed the increase to a 3.3% rise in transactions and a 2.7% increase in average check.

2. 02

   The company said diluted earnings per share for the quarter were $0.28, up 21.7% from $0.23 a year earlier. The results include a $0.01 after-tax net benefit from stock-based compensation, related to unvested equity awards forfeited by its former CEO and related retention equity awards.

3. 03

   The company said it opened 86 company-operated restaurants in the 3 months ended September 30, 2024, including 73 with a Chipotlane. It expects to open approximately 285 to 315 new company-operated restaurants in 2024 and approximately 315 to 345 in 2025.

4. 04

   Chipotle Mexican Grill said it held cash and marketable investments of $2.2 billion as of September 30, 2024. It said $1,059.6 million remained available for share repurchases and $500.0 million was undrawn under its borrowing facility.

Key figures

Quarter ended September 30, 2024

Revenue

$2.8B

Operating income

$473M

Net income

$387M

EPS

$0.28

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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