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Sep 30, 2020
Chipotle Q3 2020 Earnings Report
Chipotle's Q3 2020 earnings were released with revenue increasing by 14.1% and digital sales growing by 202.5%.
Key Takeaways
Chipotle Mexican Grill, Inc. reported strong Q3 2020 results with a 14.1% increase in revenue to $1.6 billion and a 202.5% growth in digital sales. Comparable restaurant sales increased by 8.3%. The company opened 44 new restaurants and closed three, bringing the total restaurant count to 2,710.
Revenue increased 14.1% to $1.6 billion.
Comparable restaurant sales increased 8.3%.
Digital sales grew 202.5% and accounted for 48.8% of sales.
Opened 44 new restaurants and closed three restaurants.
Chipotle
Chipotle
Forward Guidance
Due to the on-going uncertainty surrounding the future impact of COVID-19, Chipotle is not providing fiscal 2020 guidance related to comparable restaurant sales growth, new restaurant openings, and effective full year tax rate.