Chipotle Q4 earnings fall short of Wall Street expectations, but digital drives sales boom

February 3, 2021

Chipotle (CMG) on Tuesday reported mixed fourth-quarter results, with the fast-food giant reaping strong sales driven by COVID-19 era digital orders, even as profit fell short of expectations.

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.

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