Chipotle Mexican Grill Inc. Earnings: Double-Digit Growth Again

Chipotle Mexican Grill Inc. (NYSE:CMG) reported higher profit for the fourth quarter as revenue showed growth. Chipotle Mexican Grill develops and operates fast-casual, fresh Mexican food restaurants in 35 states throughout the United States, the District of Columbia, and Ontario, Canada.

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Chipotle Mexican Grill Earnings Cheat Sheet for the Fourth Quarter

Results: 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.

Actual vs. Wall St. Expectations: Chipotle Mexican Grill Inc. fell short of the mean analyst estimate of $1.83 per share. Analysts were expecting revenue of $590.2 million.

Quoting Management: “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.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 23.8%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 24.5% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 25.3% and in the second quarter, the figure rose 9%.

The company fell short of estimates last quarter after beating the mark the quarter before with net income of $1.90 versus a mean estimate of net income of $1.85 per share.

Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from $1.90. In the last thirty days, the average estimate for the fiscal year has moved up from $6.81 per share to $6.83.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com