Key Highlights from Chipotle Mexican Grill's 2Q24 Earnings Report
Thursday, 25 July 2024, 13:50
Overview of Chipotle's Financial Performance in 2Q24
Chipotle Mexican Grill, Inc. (NYSE: CMG) delivered impressive financial results for the second quarter of 2024.
Key Financial Metrics
- Total revenues: $3 billion
- Year-over-year growth: 18.2%
- Comparable restaurant sales: Increased by 11.1%
- Net income: $455.7 million, or $0.33 per share
- Previous year comparison: $341.8 million, or $0.25 per share
- Adjusted EPS: $0.34
These numbers underscore the company’s strong market position and effective growth strategies.
Conclusion
Chipotle's robust earnings report for 2Q24 highlights its resilience and potential for sustained growth in the competitive fast-casual dining sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.