Chipotle Reports on Q1 FY 2019

04/24/2019

In a press release dated April 24th Chipotle Mexican Grill Inc. (CMG) announced results for the 1st Quarter of Fiscal 2019 ending March 31st 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)

 

 

 

 

Quarter Ending, March 31st.

2019

2018

Difference (%)

Sales:

$1,308,217

$1,148,397

+13.9

Gross profit:

$886,850

$776,482

+14.2

Operating income:

$110,161

$92,808

+18.7

Net Income

$88,132

$59,446

+48.3

Diluted earnings per share:

$3.13

$2.13

+47.0

Gross Margin (%)

67.8

67.6

+0.3

Operating Margin (%)

8.4

8.1

+3.7

Profit Margin (%)

6.7

5.2

+28.8

Long-term Lease Obligations

$2,513,901

$0

-

12 Months Trailing:

     

Return on Assets (%)

10.4

   

Return on Equity (%)

12.6

   

Operating Margin (%)

7.3

   

Profit Margin (%)

3.6

   

Total Assets

$4,625,428

$2,265,518

+104.2

Market Capitalization

$19,700,000

   

52-Week Range in Share Price: $ 330.37 to $721.21

Market Close April 4th pre-release $709.75 All-time high $749.12 on August 8th 2015.

Forward P/E 45

During Q1 a net increase 0f 13 restaurants contributed to total of 2,504 as of March 31st

Same-store sales attained 9.9 percent net of loyalty deferrals. Menu increases contributed 5.8 percent to the increase in sales value.

Digital orders increased 100 percent over Q1 2018 representing 16 percent of revenue.

In commenting on the quarterly report Brian Niccol, CEO stated "The on-going improvement in each of our key operating metrics over the past few quarters gives us confidence that our mission to win today and cultivate the future, is resonating," He added "This is the fifth consecutive quarter of accelerating comps, which reinforces our view that when we connect with guests through culturally relevant marketing, focused on Chipotle's great taste and real ingredients and provide more convenient access with less friction, they respond enthusiastically."

In forward guidance the company anticipates opening 150 new restaurants in 2019 and will attain growth in same-store sales "from mid- to high single digits"


















































































































































































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