Chipotle warns on Q4 EPS

Investor's Business Daily

The burrito restaurant sees EPS of $1.92-$1.97, well below analyst estimates of $2.09. Chipotle Mexican Grill (CMG) sees revenue rising 17% to $699.2 mil vs. analyst estimates for $692.4 mil. Same-restaurant sales are seen rising 3.8%. Food costs are expected to rise 130 basis points to 33.5% of sales on higher commodity costs. Shares dropped 5.5%.

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