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Chipotle Mexican Grill Beats Analyst Estimates on EPS

Monday - 4/22/2013, 2:00am  ET

Chipotle Mexican Grill reported earnings on April 19. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Chipotle Mexican Grill met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. GAAP earnings per share grew significantly.

Gross margins dropped, operating margins expanded, net margins grew.

Revenue details
Chipotle Mexican Grill booked revenue of $726.8 million. The 24 analysts polled by S&P Capital IQ predicted revenue of $724.7 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $640.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $2.45. The 27 earnings estimates compiled by S&P Capital IQ predicted $2.14 per share. GAAP EPS of $2.45 for Q1 were 24% higher than the prior-year quarter's $1.97 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.9%, 80 basis points worse than the prior-year quarter. Operating margin was 16.7%, 50 basis points better than the prior-year quarter. Net margin was 10.5%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $804.3 million. On the bottom line, the average EPS estimate is $2.81.

Next year's average estimate for revenue is $3.17 billion. The average EPS estimate is $10.58.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,822 members out of 3,263 rating the stock outperform, and 441 members rating it underperform. Among 1,006 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 933 give Chipotle Mexican Grill a green thumbs-up, and 73 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chipotle Mexican Grill is outperform, with an average price target of $333.57.

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This article was originally published as Chipotle Mexican Grill Beats Analyst Estimates on EPSon Fool.com

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