NYSE$CMG

Chipotle Mexican Grill Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Chipotle's Q3 2020 earnings were released with revenue increasing by 14.1% and digital sales growing by 202.5%.

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.

Headline financials

Total Revenue

$1.6B

Previous: $1.4B+14.1%
EPS (adj)

$0.08

Previous: $0.08+0.0%
Comparable sales change

8.3%

Previous: 11.0%-24.5%
Net restaurant openings

41

No prior period
Total restaurants

2.7K

No prior period
Average restaurant sales

$2.2M

No prior period
Capital Expenditures

-$247M

Previous: -$238M-3.7%
Free Cash Flow

-$167M

Previous: -$139M-19.5%
Net Income

$80.2M

Previous: $98.6M-18.6%
Operating Income

$107M

Previous: $116M-7.4%
Gross Profit

$678M

Previous: $564M+20.4%
Cash & Equivalents

$662M

Previous: $387M+71.4%
Total Assets

$5.63B

Previous: $4.94B+14.0%
Stock-Based Comp

$19.8M

Previous: $25.3M-21.8%

Revenue & EPS history

Chipotle · Revenue · Quarterly

$1.6B

Q3 2020+14.1%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Chipotle · $20.1M total across 1 segment · Q3 2020

  • Delivery service
    $20.1M+215.5%

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.7%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

45%

31 / 69 earnings

Positive

+26.9%

Q1 2018

Best reaction

-20.4%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-2.1%-3.3%
Q4 2025+1.9%+1.1%-9.7%
Q3 2025-9.7%-20.2%-13.2%
Q2 2025-13.3%-15.9%-17.3%
Q1 2025+1.6%+3.9%+3.8%
Q4 2024-2.6%-2.1%-14.9%
Q3 2024-8.0%-3.3%+2.4%
Q2 2024-3.3%-3.0%+2.2%
Q1 2024+6.8%+10.1%+8.1%
Q4 2023+7.9%+6.8%+8.9%
Q3 2023+2.5%+5.4%+20.5%
Q2 2023-10.0%-6.2%-10.3%
Q1 2023+11.9%+15.1%+14.5%
Q4 2022-3.7%-6.8%-8.8%
Q3 2022-4.5%-2.6%-2.4%
Q2 2022+13.6%+17.7%+25.2%
Q1 2022-2.7%-4.0%-11.5%
Q4 2021+10.7%+7.5%+1.1%
Q3 2021-1.7%-4.1%-3.7%
Q2 2021+13.2%+18.0%+20.6%
Q1 2021-3.4%-4.0%-13.2%
Q4 2020-0.6%-0.1%-10.5%
Q3 2020-3.6%-2.7%-4.1%
Q2 2020-3.6%-1.7%+7.7%
Q1 2020+9.2%+9.1%+27.0%
Q4 2019-1.6%-0.4%-16.1%
Q3 2019-7.5%-7.5%-9.2%
Q2 2019+4.8%+5.0%+10.3%
Q1 2019-3.5%-3.5%-5.7%
Q4 2018+11.3%+14.6%+17.0%
Q3 2018+6.2%+11.8%+14.1%
Q2 2018+4.7%-4.0%+15.3%
Q1 2018+26.9%+27.1%+28.8%
Q4 2017-9.5%-14.9%+7.2%
Q3 2017-13.6%-13.8%-12.2%
Q2 2017+0.1%+3.1%-11.2%
Q1 2017+3.0%+1.2%+2.7%
Q4 2016-3.8%-5.1%-1.0%
Q3 2016-11.0%-10.5%-0.7%
Q2 2016+5.5%+2.7%-7.4%
Q1 2016-5.9%
Q4 2015-2.3%
Q3 2015-7.4%
Q2 2015+7.1%
Q1 2015-6.7%
Q4 2014-5.1%
Q3 2014-5.3%
Q2 2014+11.4%
Q1 2014-8.3%
Q4 2013+13.9%
Q3 2013+16.3%
Q2 2013+8.8%
Q1 2013+7.6%
Q4 2011+1.6%
Q4 2012+4.0%
Q3 2012-16.2%
Q2 2012-20.4%
Q1 2012-0.3%
Q3 2011+11.2%
Q2 2011+1.7%
Q1 2010-5.4%
Q1 2011+0.7%
Q4 2008-1.5%
Q4 2010-1.5%
Q3 2010+14.5%
Q3 2009+14.5%
Q2 2009-0.3%
Q2 2010-0.3%
Q4 2009-0.3%

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