Edition:
India

Chipotle Mexican Grill Inc (CMG.N)

CMG.N on New York Stock Exchange

1,276.68USD
25 Nov 2020
Change (% chg)

$13.86 (+1.10%)
Prev Close
$1,262.82
Open
$1,269.20
Day's High
$1,279.43
Day's Low
$1,268.46
Volume
48,214
Avg. Vol
73,959
52-wk High
$1,382.02
52-wk Low
$415.72

Latest Key Developments (Source: Significant Developments)

Chipotle Announces Second Quarter 2020 Results
Thursday, 23 Jul 2020 

July 22 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE ANNOUNCES SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.40.Q2 EARNINGS PER SHARE $0.29.Q2 EARNINGS PER SHARE ESTIMATE $0.26 -- REFINITIV IBES DATA.Q2 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.33 BILLION.QTRLY COMPARABLE RESTAURANT SALES DECLINED 9.8%.DIGITAL SALES GREW 216.3% AND ACCOUNTED FOR 60.7% OF SALES FOR QUARTER.QTRLY DIGITAL SALES GREW 216.3% AND ACCOUNTED FOR 60.7% OF SALES FOR QUARTER.CHIPOTLE - QUARTER HAD A $0.11 PER SHARE AFTER-TAX IMPACT FROM EXPENSES RELATED TO RESTAURANT ASSET IMPAIRMENT, CLOSURE COSTS, RESTRUCTURING.AS OF JUNE 30 HAD $934.6 MILLION IN CASH, SHORT-TERM INVESTMENTS AND RESTRICTED CASH, AND NO DEBT.AS OF JUNE 30, ALSO HAD $600 MILLION UNTAPPED CREDIT FACILITY WITH WHICH TO CONTINUE TO NAVIGATE CORONAVIRUS CRISIS.CHIPOTLE - NOT PROVIDING FISCAL 2020 GUIDANCE RELATED TO COMPARABLE RESTAURANT SALES GROWTH, NEW RESTAURANT OPENINGS, EFFECTIVE FY TAX RATE.CHIPOTLE - IF COMP RESTAURANT SALES IMPROVEMENT CO IS SEEING CONTINUES, CO HAS CONFIDENCE IN POTENTIAL TO GENERATE POSITIVE CASH FLOW FOR REST 2020.COMPARABLE RESTAURANT SALES IN JULY ARE UP 6.4% MONTH TO DATE.FOOD, BEVERAGE AND PACKAGING COSTS IN THE SECOND QUARTER WERE 33.3% OF REVENUE.QTRLY RESTAURANT LEVEL OPERATING MARGIN WAS 12.2%, A DECREASE FROM 20.9% IN THE SECOND QUARTER OF 2019.TO CONTINUE TO INVEST IN ELEVATING DIGITAL EXPERIENCE, INCLUDING OPENING MORE CHIPOTLANES.  Full Article

Chipotle Announces Partnership With Grubhub To Expand Delivery Footprint
Monday, 29 Jun 2020 

June 29 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE ANNOUNCES PARTNERSHIP WITH GRUBHUB TO EXPAND DELIVERY FOOTPRINT.CHIPOTLE MEXICAN GRILL INC - CHIPOTLE IS NOW AVAILABLE NATIONWIDE ON GRUBHUB APP AND GRUBHUB.COM.CHIPOTLE MEXICAN GRILL INC - GRUBHUB USERS WILL ALSO DEFAULT INTO CONTACT-FREE DELIVERY.  Full Article

Chipotle Expands Partnership With Uber Eats To Canada
Thursday, 14 May 2020 

May 14 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE EXPANDS PARTNERSHIP WITH UBER EATS TO CANADA.CHIPOTLE MEXICAN GRILL INC - CO AND UBER EATS ANNOUNCE A DELIVERY PARTNERSHIP IN CANADA.  Full Article

Chipotle Mexican Grill Reports Q1 Adj EPS Of $3.08
Wednesday, 22 Apr 2020 

April 21 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE ANNOUNCES FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $3.08.Q1 EARNINGS PER SHARE $2.70.Q1 EARNINGS PER SHARE ESTIMATE $2.90 -- REFINITIV IBES DATA.Q1 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.42 BILLION.CHIPOTLE MEXICAN GRILL - COMPARABLE RESTAURANT SALES DURING MONTH OF MARCH WERE NEGATIVELY IMPACTED BY IMPACT OF COVID-19, RESULTING IN DECLINE OF 16.0%.QTRLY RESTAURANT LEVEL OPERATING MARGIN WAS 17.6%, A DECREASE OF 340 BASIS POINTS.DOESN'T INTEND TO UTILIZE PAYCHECK PROTECTION PROGRAM LOAN PROVISION OF CARES ACT.EXPECT TO SEE A LIQUIDITY BENEFIT OF ABOUT $100 MILLION.BELIEVE WE HAVE ENOUGH CASH TO SUSTAIN US FOR WELL OVER A YEAR.QTRLY FOOD, BEVERAGE AND PACKAGING COSTS WERE 32.8% OF REVENUE, AN INCREASE OF 60 BASIS POINTS COMPARED TO Q1 OF 2019.WITHDRAWING PREVIOUS FISCAL 2020 GUIDANCE.QTRLY DIGITAL SALES GREW 80.8%.OPENED 19 NEW RESTAURANTS INCLUDING ONE RELOCATION AND CLOSED TWO RESTAURANTS DURING QUARTER.CHIPOTLE MEXICAN GRILL - HAS STRONG FINANCIAL POSITION WITH $909.2 MILLION IN CASH, RESTRICTED CASH, & SHORT-TERM INVESTMENTS AS OF MARCH 31, 2020 & NO DEBT.GENERAL AND ADMINISTRATIVE EXPENSES FOR QUARTER WERE $106.5 MILLION ON A GAAP BASIS.  Full Article

Chipotle Mexican Grill Says Annual Meeting Of Shareholders Will Be A Virtual Meeting
Wednesday, 8 Apr 2020 

April 7 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE MEXICAN GRILL INC - ANNUAL MEETING OF SHAREHOLDERS WILL BE A VIRTUAL MEETING.CHIPOTLE MEXICAN GRILL INC - CEO BRIAN NICCOL'S 2019 TOTAL COMPENSATION WAS $16.1 MILLION VERSUS $33.5 MILLION IN 2018.CHIPOTLE MEXICAN GRILL INC - CFO JACK HARTUNG'S 2019 TOTAL COMPENSATION WAS $7.5 MILLION VERSUS $5 MILLION IN 2018.CHIPOTLE MEXICAN GRILL INC - 2019 CEO PAY RATIO IS 1,136 TO 1.  Full Article

Chipotle Partners With Uber Eats To Expand Delivery
Wednesday, 18 Mar 2020 

March 18 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE PARTNERS WITH UBER EATS TO EXPAND DELIVERY AND INCREASE ACCESS TO REAL FOOD.CHIPOTLE MEXICAN GRILL INC - DELIVERY FEE WILL BE WAIVED ON ANY CHIPOTLE ORDER OF $10 OR MORE ON UBER EATS APP AND UBEREATS.COM.CHIPOTLE MEXICAN GRILL INC - IN 2020, CHIPOTLE PLANS TO ADD A CHIPOTLANE, A DRIVE-THRU PICK-UP LANE.  Full Article

Pershing Square Says Does Not Have Plans To Sell Chipotle Shares At This Time
Saturday, 7 Mar 2020 

March 6 (Reuters) - Pershing Square::PERSHING SQUARE SAYS DOES NOT HAVE ANY PLANS TO SELL SHARES OF CHIPOTLE AT THIS TIME - SPOKESMAN.PERSHING SQUARE SAYS INTEND TO REMAIN LONG-TERM SHAREHOLDERS OF CHIPOTLE.PERSHING SQUARE SAYS CHIPOTLE CONTINUES TO BE ONE OF CO'S LARGEST POSITIONS.  Full Article

Chipotle Says On March 3, Board Appointed CEO Brian Niccol, To Additional Position Of Chairman Of The Board , Effective Immediately
Friday, 6 Mar 2020 

March 6 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE - ON MARCH 3, BOARD APPOINTED BRIAN NICCOL, CEO, TO THE ADDITIONAL POSITION OF CHAIRMAN OF THE BOARD OF DIRECTORS, EFFECTIVE IMMEDIATELY.CHIPOTLE MEXICAN - STEVE ELLS, FOUNDER OF THE CO, HAS RELINQUISHED THE POSITION OF EXECUTIVE CHAIRMAN & HAS STEPPED DOWN AS DIRECTOR.CHIPOTLE MEXICAN GRILL - IN CONNECTION WITH ELLS’ DEPARTURE FROM BOARD, SIZE OF BOARD WAS REDUCED TO NINE DIRECTORS - SEC FILING.CHIPOTLE- DIRECTORS MATTHEW PAULL AND PAUL CAPPUCCIO WILL NOT BE NOMINATED FOR RE-ELECTION TO BOARD AT THE 2020 ANNUAL MEETING OF SHAREHOLDERS.  Full Article

Chipotle Enhances Paid Parental Leave And Tests Unlimited PTO
Thursday, 5 Mar 2020 

March 5 (Reuters) - Chipotle Mexican Grill Inc ::CHIPOTLE ENHANCES PAID PARENTAL LEAVE AND TESTS UNLIMITED PTO.CHIPOTLE MEXICAN GRILL - WILL INCREASE PAID PARENTAL LEAVE FOR RESTAURANT SUPPORT CENTER AND ELIGIBLE FIELD EMPLOYEES TO 12 WEEKS FOR BIRTH MOMS.CHIPOTLE - TESTING UNLIMITED PAID TIME OFF FOR RESTAURANT SUPPORT CENTER DIRECTORS & ABOVE, EXECUTIVE TEAM DIRECTORS, TEAM DIRECTORS IN 2020.CHIPOTLE MEXICAN GRILL INC - WILL ALSO COVER COSTS FOR NURSING MOTHERS TO UTILIZE BREASTMILK SHIPPING SERVICES DURING WORK TRAVEL.CHIPOTLE - WILL INCREASE PAID PARENTAL LEAVE FOR RESTAURANT SUPPORT CENTER, ELIGIBLE FIELD EMPLOYEES TO 12 WEEKS FOR BIRTH MOMS.CHIPOTLE - TO RAISE PAID PARENTAL LEAVE FOR RESTAURANT SUPPORT CENTER, ELIGIBLE FIELD EMPLOYEES TO 4 WEEKS FOR NEW DADS, INDIVIDUALS ADOPTING CHILDREN.  Full Article

Pershing Square Capital Management Reports 4.2% Stake In Chipotle Mexican Grill As Of Feb 24 - SEC Filing
Thursday, 27 Feb 2020 

Feb 26 (Reuters) - Chipotle Mexican Grill Inc ::PERSHING SQUARE CAPITAL MANAGEMENT, L.P. REPORTS 4.2% STAKE IN CHIPOTLE MEXICAN GRILL AS OF FEB 24 - SEC FILING.PERSHING SQUARE CAPITAL MANAGEMENT, L.P. - HAD PREVIOUSLY REPORTED 5.4% STAKE IN CHIPOTLE MEXICAN GRILL AS OF FEB 7.  Full Article

UPDATE 3-Starbucks sees hotter-than-expected earnings for 2021

Oct 29 Starbucks Corp forecast 2021 earnings largely above estimates on Thursday, helped by strong online orders and a recovery in demand following the initial hit from the COVID-19 pandemic.