Chipotle Mexican Grill (CMG) Q4 2024 Earnings

Chipotle Mexican grill On Tuesday, traffic to its restaurants continues to rise, which helps the company with the top analysts’ estimates for its quarterly earnings.

However, the burrito chain disappointed investors with its sales forecast in the same store for 2025. The company’s shares fell more than 3% into expanded trade.

Here is what the company reported compared to what Wall Street expected, based on a study of analysts of LSEG:

• Earnings per Equity: 25 cents adjusted against 24 cents expected
• Revenue: 2.85 billion dollars, meets expectations

Chipotle reported net income from the fourth quarter of $ 331.8 million or 24 cents per year. Share, up from $ 282.1 million or 20 cents per Stock, a year earlier.

Exclusive charges for restaurant reduction, legal costs and other goods earned chipotle 25 cents per day. Stock.

Net sales rose 13.1% to $ 2.85 billion.

The company’s sale of the same store rose 5.4%, and lacks narrow estimates of street raccount of 5.7% growth.

Transactions increased 4% in the quarter and continued the burrito chain’s line of higher traffic. In the past year, Chipotle has surpassed the wider restaurant industry, which has seen traffic falls as many consumers choose to cook to save money.

In September, Chipotle brought back his smoked breast. The company charges more for the menu item with limited time than its other protein settings.

The company opened 120 restaurants during the quarter, including an international licensed location. After 30 years of focusing primarily on its US business, Chipotle is trying to expand internationally. For example, the last year came into Kuwait, the first new country in a decade.

In 2025, Chipotle is projecting low to medium-single digits of the same store of the same store. Wall Street expected sales growth in the same store of 5.4% for the whole year, according to Streetaccount Estimates.

The company also expects to open between 315 and 345 new locations, more than 80% of which will have a “chipotlane” for digital orders.