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Dec 31, 2022
Chipotle Q4 2022 Earnings Report
Chipotle's Q4 2022 earnings demonstrated an increase in revenue and earnings per share.
Key Takeaways
Chipotle Mexican Grill, Inc. reported an 11.2% increase in total revenue to $2.2 billion for the fourth quarter of 2022, driven by a 5.6% increase in comparable restaurant sales and new restaurant openings. Diluted earnings per share was $8.02, while adjusted diluted earnings per share was $8.29.
Total revenue increased by 11.2% to $2.2 billion.
Comparable restaurant sales increased by 5.6%.
Operating margin was 13.6%, up from 8.1%.
Diluted earnings per share was $8.02, compared to $4.69.
Chipotle
Chipotle
Forward Guidance
For 2023, Chipotle anticipates first quarter comparable restaurant sales growth in the high-single-digits and expects to open between 255 and 285 new restaurants.
Positive Outlook
- First quarter comparable restaurant sales growth in the high-single-digits
- Opening of 255 to 285 new restaurants
- Continued focus on Chipotlanes
- Anticipated utility, construction, permit and material supply delays do not worsen