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Chipotle
🇺🇸 NYSE:CMG
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Jun 30, 2020

Chipotle Q2 2020 Earnings Report

Chipotle's Q2 2020 results were impacted by COVID-19, with revenue decreasing by 4.8% and comparable restaurant sales declining by 9.8%. However, digital sales grew significantly, increasing by 216.3% and representing 60.7% of total sales. The company opened 37 new restaurants and closed three, ending the quarter with 2,669 restaurants.

Key Takeaways

Chipotle's Q2 2020 results reflected the impact of COVID-19, with a decrease in revenue and comparable restaurant sales. However, digital sales experienced substantial growth, and the company maintained a strong financial position with significant cash reserves.

Revenue decreased by 4.8% to $1.4 billion.

Comparable restaurant sales declined by 9.8%.

Digital sales grew by 216.3% and accounted for 60.7% of sales.

Opened 37 new restaurants and closed 3 restaurants, bringing the total restaurant count to 2,669.

Total Revenue
$1.37B
Previous year: $1.43B
-4.8%
EPS
$0.01
Previous year: $0.08
-87.5%
Comparable Sales Increase
-9.8%
Total Restaurant Count
2.67K
Gross Profit
$167M
Previous year: $300M
-44.3%
Cash and Equivalents
$606M
Previous year: $300M
+101.9%
Free Cash Flow
$35.1M
Previous year: $40.2M
-12.7%
Total Assets
$5.37B
Previous year: $4.66B
+15.3%

Chipotle

Chipotle

Forward Guidance

Given on-going uncertainty surrounding the future impact of COVID-19 on the broader US economy and any specific impact to our company, we are not providing fiscal 2020 guidance related to comparable restaurant sales growth, new restaurant openings, and effective full year tax rate.

Company Overview

Full financial data and analysis

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