Seeking Alpha

Sales up, margins down at Chipotle during Q3

  • Chipotle (CMG) reports comparable store sales rose 6.2% during Q3 on an increase in store traffic.
  • Restaurant level operating margin slipped 60 bps to 26.8% as higher food costs and marketing expenses factored in.
  • The company expects comparable restaurant sales growth in the mid single-digit for 2013 and low single-digits for 2014 (unless menu prices are increased).
  • CMG +2.6% AH.
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Comments (3)
  • Mark Krieger
    , contributor
    Comments (4470) | Send Message
    comparable sales increase was a nice surprise, however, the compression of margins wasn't. They will burn both the put and call option premiums on this report. Look for the shares to settle back down to the low $440's
    17 Oct 2013, 04:43 PM Reply Like
  • Mark Krieger
    , contributor
    Comments (4470) | Send Message
    wow..was I wrong..the stock has run up $25 since my last post
    17 Oct 2013, 05:24 PM Reply Like
  • TheAxe
    , contributor
    Comments (132) | Send Message
    Jesus Christ Mark..why do you even stink on CMG....just stink....I rather say suck....
    17 Oct 2013, 09:12 PM Reply Like
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