LOHAS Stock News; Chipotle Mexican
Grill (CMG) Reports Earnings; Stock Lower
Point
Roberts WA, NEW YORK, NY --- 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.”
About Chipotle
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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