Chipotle Q2 Earnings Soar: Revenue Hits $3.99B

TL;DR

CMG crushed Q2! Revenue up to $3.99B, Net Income $1.19B. Digital sales booming.

AI Summary

Chipotle Mexican Grill Inc. reported its Q2 2024 results for the period ending June 30, 2024. The company's revenue for the first six months of 2024 was $3.99 billion, an increase from $3.03 billion in the same period of 2023. Net income for the first half of 2024 was $1.19 billion, up from $749.9 million in the prior year. The company also reported significant growth in its delivery and digital sales.

Why It Matters

Chipotle's strong performance indicates continued consumer demand for its offerings, potentially signaling resilience in the fast-casual dining sector despite economic uncertainties.

Risk Assessment

Risk Level: low — The filing shows strong financial performance and growth, with no immediate red flags.

Key Numbers

• $3.99B — Revenue (YTD) (Represents significant year-over-year growth for the first half of 2024.)
• $1.19B — Net Income (YTD) (Shows a substantial increase in profitability compared to the prior year.)
• 2024-06-30 — Reporting Period End Date (Indicates the end of the second quarter for 2024 financial reporting.)

Key Players & Entities

• CHIPOTLE MEXICAN GRILL INC (company) — Filer
• 0001058090 (company) — Central Index Key
• 610 NEWPORT CENTER DR (company) — Business Address
• 949-524-4000 (company) — Business Phone
• $3.99 billion (dollar_amount) — Revenue for the first six months of 2024
• $3.03 billion (dollar_amount) — Revenue for the first six months of 2023
• $1.19 billion (dollar_amount) — Net income for the first half of 2024
• $749.9 million (dollar_amount) — Net income for the first half of 2023
• 20240630 (date) — Period of Report
• 20240725 (date) — Filing Date

FAQ

From the Filing

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