Thursday, October 21, 2010

Told you to buy Chipotle..

DENVER--(BUSINESS WIRE)-- Chipotle Mexican Grill, Inc. (NYSE:CMG - News) today reported financial results for its third quarter ended September 30, 2010.
Highlights for the third quarter of 2010 as compared to the third quarter of 2009 include:
  • Revenue increased 23.0% to $476.9 million
  • Comparable restaurant sales increased 11.4%
  • Restaurant level operating margin was 27.7%, an increase of 220 basis points
  • Net income was $48.2 million, an increase of 39.9%
  • Diluted earnings per share was $1.52, an increase of 40.7%
Highlights for the nine months ended September 30, 2010 as compared to the prior year include:
  • Revenue increased 19.7% to $1.35 billion
  • Comparable restaurant sales increased 8.3%
  • Restaurant level operating margin was 26.9%, an increase of 180 basis points
  • Net income was $ 132.5 million, an increase of 39.1%
  • Diluted earnings per share was $4.18, an increase of 41.2%

Chipotle is up $8.58 in after hours trading...take that, non-chipotle stock buyer people

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