Chipotle Reports Spicy Growth Though Margins Head South
Posted on February 08, 2013 at 12:12 PM EST
Chipotle Mexican Grill announced its Q4 and full year results Tuesday, February 5. Its total revenues jumped 17.2% to $699.2 million, helped by new restaurant openings and a 3.8% increase in the same-store sales. Net income rose 6.8% to $61.4 million or $1.95 a share, up from $1.81 a share. The company opened 60 restaurants in the quarter to raise its total count to 1,410. Chipotle reaffirmed its goal of adding 165-180 restaurants in 2013, including four in international markets. The company will also open a second outlet of its Asian-cuisine venture, ShopHouse Kitchen, in Los Angeles, in the first half of 2013 itself. See full analysis for Chipotle Mexican Grill
Chipotle Mexican Grill announced its Q4 and full year results Tuesday, February 5. Its total revenues jumped 17.2% to $699.2 million, helped by new restaurant openings and a 3.8% increase in the same-store sales. Net income rose 6.8% to $61.4 million or $1.95 a share, up from $1.81 a share. The company opened 60 restaurants in the quarter to raise its total count to 1,410. Chipotle reaffirmed its goal of adding 165-180 restaurants in 2013, including four in international markets. The company will also open a second outlet of its Asian-cuisine venture, ShopHouse Kitchen, in Los Angeles, in the first half of 2013 itself. See full analysis for Chipotle Mexican Grill
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