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Sep 30, 2021
Chipotle Q3 2021 Earnings Report
Chipotle's Q3 2021 results were driven by a comparable restaurant sales increase of 15.1%.
Key Takeaways
Chipotle reported strong third-quarter results with a 21.9% increase in total revenue to $2.0 billion, driven by a 15.1% increase in comparable restaurant sales. Digital sales grew 8.6% and accounted for 42.8% of sales. Diluted earnings per share was $7.18, a 154.6% increase from $2.82.
Total revenue increased 21.9% to $2.0 billion.
Comparable restaurant sales increased 15.1%.
Digital sales grew 8.6% and accounted for 42.8% of sales.
Diluted earnings per share was $7.18, a 154.6% increase from $2.82.
Chipotle
Chipotle
Forward Guidance
For Q4, while uncertainty remains on several fronts including the potential impact of COVID-19 as well as inflationary and staffing pressures, we’re encouraged by our strong underlying business momentum and if this trend continues, we expect our comparable restaurant sales to be in the low to mid double-digits range.