Chipotle Q4 2024 Earnings Report
Key Takeaways
Chipotle announced strong Q4 2024 results, with a 13.1% increase in total revenue to $2.8 billion and a 5.4% increase in comparable restaurant sales. Diluted earnings per share increased by 20.0% to $0.24, and adjusted diluted earnings per share increased by 19.0% to $0.25. The company opened 119 company-owned restaurants during the quarter.
Total revenue increased by 13.1% to $2.8 billion.
Comparable restaurant sales increased by 5.4%.
Diluted earnings per share increased by 20.0% to $0.24.
Opened 119 company-owned restaurants, including 95 with a Chipotlane.
Chipotle
Chipotle
Forward Guidance
For 2025, management is anticipating the following: Full year comparable restaurant sales growth in the low to mid-single digit range; 315 to 345 new company-owned restaurant openings with over 80% having a Chipotlane; An estimated underlying effective full year tax rate between 25% and 27% before discrete items
Positive Outlook
- Full year comparable restaurant sales growth in the low to mid-single digit range
- 315 to 345 new company-owned restaurant openings
- Over 80% of new restaurants will have a Chipotlane
- Estimated underlying effective full year tax rate between 25% and 27%