Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2014.
Highlights for the second quarter of 2014 as compared to the second quarter of 2013 include:
- Revenue increased 28.6% to $1.05 billion
- Comparable restaurant sales increased 17.3%
- Restaurant level operating margin was 27.3%, a decrease of 30 basis points
- Net income was $110.3 million, an increase of 25.5%
- Diluted earnings per share was $3.50, an increase of 24.1%
- Opened 45 new restaurants
Highlights for the six months ended June 30, 2014 as compared to the prior year include:
- Revenue increased 26.6% to $1.95 billion
- Comparable restaurant sales increased 15.5%
- Restaurant level operating margin was 26.7%, a decrease of 30 basis points
- Net income was $193.3 million, an increase of 17.6%
- Diluted earnings per share was $6.14, an increase of 16.5%
- Opened 89 new restaurants
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