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Chipotle Mexican Grill Inc (NYSE:
CMG) reported
outstanding results again last night, and the fast-food chain rallied big in after-hours trading, up as much as $6. This followed a similar type of moving in the previous day's trading. Here are some of the highlights:
- Diluted EPS increased 81.8% to $0.60
- Revenue increased 33.9% to $274.3 million
- Comparable restaurant sales increased 11.6% -- Wow!
- Restaurant level operating margins increased 150 basis points to 23.2% -- Massive!
- Net income increased 85.1% to $20.0 million -- Not too shabby!
Chipotle, which was scooped up by
McDonald's Corporation (NYSE:
MCD) at its earlier stages of development, looks like it's going to be the McDonald's of the future. This is comparable to investing in Ray Kroc when few of his hamburger joints populated the country. Buy Chipotle and go along for the ride.
Five winners of a weak dollar
For a quick-read on the U.S. economy, check the price of gasoline
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Reader Comments (Page 1 of 1)
8-01-2007 @ 8:32PM
JackSmack said...
I love all food, and none of my buddies care what I look like:
http://www.fakebuddy.com
8-01-2007 @ 9:29PM
Zach said...
Thanks for the bit on CMG. I linked to it from my article here -> http://zachstocks.com/2007/08/chipotle-mexican-grill-cmg-2/