Chipotle Q3 earnings beat expectations as price hikes boost revenue

Chipotle Q3 earnings beat expectations as price hikes boost revenue

Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations.

Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates:

  • Revenue: $2.2 billion versus $2.24 billion expected

  • Adj. earnings per share (EPS): $9.51 versus $9.23 expected

  • Same-store sales: 7.6% versus 7.38% expected

The third quarter that ended on September 30, 2022, proved that customers are…


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