More on Chipotle Mexican Grill (CMG) Q1 earnings: Comparable restaurant sales growth of 1% Y/Y...


More on Chipotle Mexican Grill (CMG) Q1 earnings: Comparable restaurant sales growth of 1% Y/Y was hurt by fewer trading days this year. Operating margin of 26.3% off 110 bps from a year ago. Food costs at 33% of revenue up 80 bps. Opened 48 restaurants during Q1. Management expects 165-180 new restaurant openings for all 2013 and flat-low single digit comparable sales. Earnings call started at 4:30 ET. Shares +5.7% AH. (PR)

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Comments (5)
  • marvin schwartz
    , contributor
    Comments (240) | Send Message
     
    I can't believe that analyst would compare Chipolte to Taco Bell.Yesterday my wife and I went to Chipolte for dinner and sitting in a few booths were a baseball team of about 10 boys about 18 years old . I asked them about Taco Bell compared to Chipolte and all started laughing stating that they would never go to a Taco Bell since the food is inferior to Chipolte. Therefore, we should stop comparing the two.
    18 Apr 2013, 05:16 PM Reply Like
  • Atkins
    , contributor
    Comments (1049) | Send Message
     
    Chipolte's products are priced too high to have much mass appeal. It has a limited market for expansion. Its food is not substantially better than that of numerous competitors. It does well in higher-income ares but not so well in others.
    18 Apr 2013, 05:37 PM Reply Like
  • Ryan Schroeder
    , contributor
    Comments (183) | Send Message
     
    Atkins - Not a very good argument. "Priced too high" is very vague. Try using facts:

     

    Chipotle Steak Burrito 7.10 after tax.
    Taco Bell Cantina Steak burrito 6.50 after tax.

     

    If you compare Chipotle to the cost of eating at home, maybe, but none of its competitors offer a similar product at a significantly cheaper price.
    18 Apr 2013, 09:12 PM Reply Like
  • caupachow
    , contributor
    Comments (523) | Send Message
     
    He'll, ill eat at a Chipotle but my Taco Bell days are over. No matter how hung over I am.
    18 Apr 2013, 11:47 PM Reply Like
  • Swisser999
    , contributor
    Comments (143) | Send Message
     
    I long for the day when I can buy a Chipotle burrito with gold. Gold is the only TRUE money.
    19 Apr 2013, 07:52 AM Reply Like
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