LOHAS Stock News; Chipotle Mexican Grill (CMG) Reports Earnings; Stock Lower
Point Roberts, WA - NEW YORK, NY - February 4, 2015 (www.investorideas.com newswire) Investorideas.com, a global news source covering leading sectors including LOHAS stocks (Lifestyles of Health and Sustainability) reports on Chipotle Mexican Grill, Inc. (CMG). The stock is trading down, currently at $683.40, off $43.23 (5.95%).
Chipotle Mexican Grill, Inc. (CMG) yesterday on the close reported financial results for its fourth quarter and full year ended December 31, 2014.
Highlights for the fourth quarter of 2014 as compared to the fourth quarter of 2013 include:
- Revenue increased 26.7% to $1.07 billion
- Comparable restaurant sales increased 16.1%
- Restaurant level operating margin was 26.6%, an increase of 100 basis points
- Net income was $121.2 million, an increase of 52.3%
- Diluted earnings per share was $3.84, an increase of 51.8%
- Opened 60 new restaurants
Highlights for the twelve months ended December 31, 2014 as compared to the prior year include:
- Revenue increased 27.8% to $4.11 billion
- Comparable restaurant sales increased 16.8%
- Restaurant level operating margin was 27.2%, an increase of 60 basis points
- Net income was $445.4 million, an increase of 36.0%
- Diluted earnings per share was $14.13, an increase of 35.0%
- Opened 192 new restaurants
"We continue to make significant progress on our important journey to change the way people think about and eat fast food," said Steve Ells, chairman and co-CEO of Chipotle. "Consumer trends are changing, which we believe is a great result of people becoming more discerning about where their food comes from, how it was raised, and how their meal was prepared. The continued loyalty we see from our customers, as well as third party research, and the growing number of concepts imitating Chipotle, all point to the relevance of our vision and the impact we are having on food culture. We are delighted to see that this vision, a very lofty goal, is becoming a reality.”
Steve Ells, founder, chairman and co-CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience. Today, Chipotle continues to offer a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through our vision of Food With Integrity, Chipotle is seeking better food from using ingredients that are not only fresh, but that—where possible—are sustainably grown and raised responsibly with respect for the animals, the land, and the farmers who produce the food. In order to achieve this vision, we focus on building a special people culture that is centered on creating teams of top performers empowered to achieve high standards. This people culture not only leads to a better dining experience for our customers, it also allows us to develop future leaders from within. Chipotle opened with a single restaurant in 1993 and operates more than 1,780 restaurants, including 17 Chipotle restaurants outside the US, nine ShopHouse Southeast Asian Kitchen restaurants, and is an investor in an entity that owns and operates two Pizzeria Locale restaurants. For more information, visit Chipotle.com.
For full financials visit the investor relations page of Chipotle.com
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