Chipotle (NYSE:CMG) Q4: Beats On Revenue
Mexican fast-food chain Chipotle (NYSE:)
reported results ahead of analysts’ expectations in Q4 FY2023, with revenue up 15.4% year on year to $2.52 billion. It made a non-GAAP profit of $10.36 per share, improving from its profit of $8.29 per share in the same quarter last year.
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Chipotle (CMG) Q4 FY2023 Highlights:
- Revenue: $2.52 billion vs analyst estimates of $2.49 billion (1.1% beat)
- EPS (non-GAAP): $10.36 vs analyst estimates of $9.73 (6.5% beat)
- Free Cash Flow of $93.53 million, down 73.2% from the previous quarter
- Gross Margin (GAAP): 40.1%, up from 39.6% in the same quarter last year
- Same-Store Sales were up 8.4% year on year
- Store Locations: 3,437 at quarter end, increasing by 250 over the last 12 months
- Market Capitalization: $67.81 billion
“2023 was an outstanding year where we delivered strong…
