Chipotle Mexican Grill beats by $0.32, reports revs in-line, comps +8.3%
Reports Q3 (Sep) earnings of $3.76 per share, excluding non-recurring items, $0.32 better than the S&P Capital IQ Consensus of $3.44; revenues rose 14.1% year/year to $1.60 bln vs the $1.59 bln S&P Capital IQ Consensus.
- Comparable restaurant sales increased +8.3%.
- Digital sales grew 202.5% yr/yr to $776.4 mln and represented 48.8% of sales. About half of the digital sales were via delivery, benefiting from expanded partnerships, with the remainder coming from order ahead transactions as guests better understand the value offered by this channel, as well as the convenience of more Chipotlanes.
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