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Mar 31, 2020
Chipotle Q1 2020 Earnings Report
Chipotle's Q1 2020 performance was impacted by COVID-19, with digital sales growing significantly and comparable restaurant sales initially strong but declining in March.
Key Takeaways
Chipotle's Q1 2020 revenue increased by 7.8% to $1.4 billion, driven by a 3.3% increase in comparable restaurant sales. Digital sales grew by 80.8%, representing 26.3% of total sales. The company opened 19 new restaurants and closed two. Earnings per share was $2.70, and adjusted earnings per share was $3.08.
Revenue increased by 7.8% to $1.4 billion.
Comparable restaurant sales increased by 3.3%.
Digital sales grew by 80.8% and accounted for 26.3% of sales.
Diluted earnings per share was $2.70, while adjusted diluted earnings per share was $3.08.
Revenue by Geographic Location
Forward Guidance
Given the level of volatility and uncertainty surrounding the future impact of COVID-19 on the broader US economy and any specific impact to our company, we are withdrawing our previous fiscal 2020 guidance related to comparable restaurant sales growth, new restaurant openings, and effective full year tax rate.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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