Chipotle Mexican Grill (NYSE:CMG) will report Q3’14 earnings after market on Monday at around 4:30 PM, with a conference call scheduled at 5 PM. Those who wish to attend the call can dial 1-800-500-3170. A replay will be available after the call, and can be accessed by dialing 1-877-870-5176 or 1-858-384-5517 for international callers; the password is 6325988.
Consensus expects $3.84 EPS (+44% y/y) on revenue of $1.06b (+28% y/y). The stock has outperformed the broader S&P with a 20.5% return YTD (vs. S&P’s +2%), after a blowout Q2, where we saw robust same-store earnings growth (SSSg) of +17% with an improving margin profile. Q2 EPS also beat consensus, despite a negative headwind from SG&A, which underpins the growth profile seen by QSRs that focuses on the high-end consumer segment amid a high underemployment trend in the US. My thesis on CMG is that the company is well positioned toComplete Story »
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