Chipotle Q4 Earnings: Revenue Miss, EPS Beat, Focus On 'Generous Portions' Drives Food Costs Higher, Shares Slide

Chipotle Mexican Grill, Inc (NYSE:CMG) reported fourth-quarter financial results after the market close on Tuesday. Here’s a rundown of the report.

Q4 Earnings: Chipotle reported fourth-quarter revenue of $2.845 billion, missing the consensus estimate of $2.847 billion, according to Benzinga Pro. The fast-casual restaurant chain company reported adjusted earnings of 25 cents per share, beating analyst estimates of 24 cents per share.

Total revenue was up 13.1% on a year-over-year basis. Comparable restaurant sales increased 5.4% year-over-year, driven by higher transactions of 4% and a 1.4% increase in average check. Digital sales represented 34.4% of food and beverage revenue. Operating margin was 14.6% in the fourth quarter, up from 14.4% year-over-year. 

Food, beverage and packaging costs in the fourth quarter were 30.4% of ...

Full story available on Benzinga.com