Chipotle: Q1 Earnings Snapshot

NEWPORT BEACH, Calif. (AP) — NEWPORT BEACH, Calif. (AP) — Chipotle Mexican Grill Inc. (CMG) on Tuesday reported first-quarter earnings of $291.6 million.

The Newport Beach, California-based company said it had net income of $10.50 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $8.89 per share.

The Mexican food chain posted revenue of $2.37 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $2.34 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CMG at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up