Chipotle and Las Vegas Sands Shares Still Higher After Earnings
Chipotle Mexican Grill Inc. (NYSE:CMG) reported higher profit for the fourth quarter as revenue showed growth. Net income for Chipotle Mexican Grill Inc. rose to $57.5 million ($1.81 per share) vs. $46.4 million ($1.47 per share) in the same quarter a year earlier. This marks a rise of 23.7% from the year earlier quarter. Revenue rose 23.7% to $596.7 million from the year earlier quarter. Chipotle Mexican Grill Inc. fell short of the mean analyst estimate of $1.83 per share. Analysts were expecting revenue of $590.2 million.
“During 2011, we remained focused on our mission to change the way the world thinks about and eats fast food, while continuing to strengthen our people culture and our unit economic model. Our success is rooted in serving great tasting food and it has been since day one. Our sourcing of food made from the finest ingredients, which is raised with respect for the animals, the environment, and the farmers is at the heart of that effort,” said Steve Ells, Founder, Chairman and Co-CEO of Chipotle.
Competitors to Watch: McDonald’s Corporation (NYSE:MCD), Good Times Restaurants Inc. (NASDAQ:GTIMD), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Tim Hortons Inc. (NYSE:THI), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), Nathan’s Famous, Inc. (NASDAQ:NATH), Wendy’s Arby’s Group Inc. (NYSE:WEN), Starbucks Corporation (NASDAQ:SBUX), Sonic Corporation (NASDAQ:SONC) and Darden Restaurants (NYSE:DRI).
Las Vegas Sands Corp. (NYSE:LVS) reported higher profit for the fourth quarter as revenue showed growth. Net income for Las Vegas Sands Corp. rose to $320.1 million (39 cents per share) vs. $273 million (34 cents per share) in the same quarter a year earlier. This marks a rise of 17% from the year earlier quarter. Revenue rose 26.3% to $2.54 billion from the year earlier quarter. Las Vegas Sands Corp. reported adjusted net income of 57 cents per share. By that measure, the company beat the mean estimate of 56 cents per share. It beat the average revenue estimate of $2.46 billion.