Chipotle: Q2 Earnings Snapshot
NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Chipotle Mexican Grill Inc. (CMG) on Wednesday reported second-quarter net income of $341.8 million.
On a per-share basis, the Newport Beach, California-based company said it had profit of $12.32. Earnings, adjusted for one-time gains and costs, were $12.65 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $12.25 per share.
The Mexican food chain posted revenue of $2.51 billion in the period, falling short of Street forecasts. Twelve analysts surveyed by Zacks expected $2.52 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMG at https://www.zacks.com/ap/CMG