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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.
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