00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Chipotle Mexican Grill reported third-quarter earnings of $0.27 per share,
00:08missing analysts' estimates of $0.29, according to Benzinga Pro data.
00:12Revenue rose 9.6% year-over-year to $3.29 billion, beating expectations of $3.285 billion.
00:22Comparable restaurant sales increased 2.1%,
00:25while operating margin declined to 13.7% from 15.9%.
00:30Restaurant-level operating margin fell to 23.3% from 24.5%.
00:37Chipotle opened 84 company-owned restaurants, including 53 with Chipotle's.
00:42CEO Scott Boatwright cited three consecutive quarters of positive comparable transaction growth
00:48and progress in menu innovation, digital initiatives, and international expansion.
00:53Shares rose 3.38% to $29.70 in Wednesday's extended trading, according to data from Benzinga Pro.
01:02The stock remains below its major moving averages and has declined 28.75% over the past 12 months.
01:10For all things money, visit Benzinga.com.
Comments