Company News: Page (1) of 1 - 04/19/13

Investing Idea; Invest in What You Eat: Chipotle Mexican Grill (NYSE: CMG) Smoking Hot First Quarter Results

April 19, 2013 --

Investing Idea; Invest in What You Eat: Chipotle Mexican Grill (NYSE: CMG) Smoking Hot First Quarter Results

Healthy Food, Great Corporate Philosophy - Good Numbers...

Ideas get bigger when you share them...

Point Roberts, WA - April 19, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including food and beverage stocks , issues a trading alert for Chipotle Mexican Grill, Inc. (NYSE: CMG) , trading up at $359.39, gaining $31.03 or 9.45% at 11:14AM EDT on over 1.2 Million shares following first quarter numbers.


Yesterday the company reported financial results for its first quarter ended March 31, 2013.

Highlights for the first quarter of 2013 as compared to the first quarter of 2012 include:

  • Revenue increased 13.4% to $726.8 million
  • Comparable restaurant sales increased 1.0%
  • Restaurant level operating margin was 26.3%, a decrease of 110 basis points
  • Net income was $76.6 million, an increase of 22.2%
  • Diluted earnings per share was $2.45, an increase of 24.4%
  • Opened 48 new restaurants

What investors love most about this company, in addition to its financial performance, is its philosophy, which results in great food and obviously strong revenue growth - "Through our "vision of Food With Integrity, Chipotle is seeking better food not only from using fresh ingredients, but ingredients that are sustainably grown and raised responsibly with respect for the animals, the land, and the farmers who produce the food. A similarly focused people culture, with an emphasis on identifying and empowering top performing employees, enables us to develop future leaders from within.

Investorideas.com Newswire

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