Chipotle Mexican Grill's 2Q Results: Postgame Scorecard

FOXBusiness

Chipotle Mexican Grill (CMG) announced its results for the most recent quarter on July 19, 2012.

Earnings and Revenue The company managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported EPS of $2.56 a share versus the $2.30 a share estimate and revenues of $690.9 million versus the $707.1 million estimate. The company's reported EPS came in above the high estimate of 21 analysts of a profit of $2.47.

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The company's net income for the quarter was $81.7 million. This is 61.2% higher than the year-ago quarter. Revenue climbed 20.9% from $571.6 million in the same period last year.

Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company has averaged revenue growth of 23.4% over the past five quarters.

History Against Expectations The company has managed to top estimates the last two quarters. In the first quarter, it beat expectations with net income of $1.97 versus a mean estimate of net income of $1.93 per share.

Official Comment: "We are pleased that our continued focus on improving the quality and taste of our food, along with strengthening our people culture, has lead to a better dining experience for our customers, and ultimately better financial results for our shareholders," said Steve Ells, Founder, Chairman and Co-CEO of Chipotle.

Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.