Must-know: Chipotle Mexican Grill’s quarterly earnings summary

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Aug. 12 2014, Updated 12:07 p.m. ET

Company overview

Chipotle Mexican Grill (CMG) operates restaurants under a fast-casual format, serving burritos, tacos, and salads. The company also operates six ShopHouse Southeast Asian Kitchen restaurants under the same fast-casual format, which serves Asian cuisine. As of June 30, the company operated a total of 1,681 restaurants. 

Earnings per share (or EPS)

Chipotle Mexican Grill’s second quarter earnings were released on July 21, 2014. It reported a diluted earnings per share of $3.50, which was an increase by 33%, compared to an EPS of $2.64 in the first quarter of 2014. This increase was due to strong top and bottom line growth, while the weighted average shares remained unchanged over the same period.

Panera Bread (PNRA) reported an EPS of $1.82, which was a 17% increase, compared to $1.55 in the first quarter of 2014. Fiesta Restaurant Group (FRGI), which operates Pollo Tropical and Taco Cabana, reported an EPS of $0.35, or a 66% increase over the first quarter of 2014.

An investor who would like to invest in the restaurant industry as a whole can invest in ETFs such as the Consumer Discretionary Select Sector SPDR Fund (XLY) and the PowerShares Dynamic Food & Beverage ETF (PBJ).

Topics discussed in this quarterly overview

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In this quarterly overview series for Chipotle Mexican Grill, we will take a deeper look into the earnings, key valuation metrics such as same-store sales, impacts of costs, management’s guidance, how the market reacted to the earnings, and Chipotle Mexican Grill’s stock from an investor’s perspective.

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