Chipotle Falls After Hours on Q4 Earnings Miss
On a good day for the stock exchange, Chipotle Mexican Grill (NYSE: CMG) stock is having indigestion after hours.
That's because the fast-casual restaurant operator posted fourth-quarter fiscal 2020 results that missed analyst expectations for profitability. On the bottom line for the quarter, Chipotle earned $99.3 million on a non-GAAP (adjusted) basis, or $3.48 per share. That was better than the $81 million of Q4 2019, but it fell short of the $3.73 per share that analysts collectively expected.
Chipotle essentially met the average prognosticator estimate for $1.6 billion in revenue. That was on the back of comparable-restaurant sales that rose 5.7%.
Source Fool.com
