Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate:
- Revenue: $1.61B versus $1.61 billion expected
- Adj. earnings per share (EPS): $3.48 versus $3.72 per share expected
- Same-store sales: 5.7% versus 6.09% expected
During the quarter, the closely-followed comparable-store sales increased 5.7%, driven by a whopping 177.2% in digital transactions, which accounted for 49% of sales. Still, shares of Chipotle fell by 3.29% in after-market trading, as investors digested the report.
“Expanding access and convenience through our digital ecosystem has kept the Chipotle brand relevant and with world class talent, an inclusive culture, strong business fundamentals and deep financial strength, we are well prepared to emerge even stronger post-COVID,” chairman and CEO Brian Niccol said.