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Dec 31, 2019
Chipotle Q4 2019 Earnings Report
Chipotle's Q4 2019 results were announced, highlighting strong comparable sales and digital growth.
Key Takeaways
Chipotle's Q4 2019 saw a 17.6% increase in revenue to $1.4 billion, driven by a 13.4% increase in comparable restaurant sales and new restaurant openings. Digital sales grew 78.3%, accounting for 19.6% of sales. Diluted earnings per share was $2.55, and adjusted diluted earnings per share was $2.86.
Revenue increased by 17.6% to $1.4 billion.
Comparable restaurant sales grew by 13.4%, driven by an 8.0% increase in transactions.
Digital sales increased by 78.3% and represented 19.6% of total sales.
The company opened 80 new restaurants and closed 3 during the quarter.
Forward Guidance
For 2020, Chipotle anticipates mid-single digit comparable restaurant sales growth and 150 to 165 new restaurant openings, with an estimated full year tax rate between 26% and 29%.
Positive Outlook
- Mid-single digit comparable restaurant sales growth
- 150 to 165 new restaurant openings
- More than half of new restaurants including a Chipotlane
- Strong ending to 2019
- Key strategies are working
Challenges Ahead
- Risks of food safety and food-borne illnesses
- Reliance on certain information technology systems
- Privacy and cyber security risks
- Impact of competition
- Uncertainty of achieving expected levels of comparable restaurant sales
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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