Chipotle stock falls amid Q4 earnings miss, declining sales growth
Shares of Chipotle dipped after the company posted disappointing fourth-quarter earnings results.
Video Transcript
SEANA SMITH: OK, I want to get to Chipotle because they just released results. And you're looking at the stock under pressure here, off just about 5%, a disappointing report from the company. Adjusted EPS missing $8.29 during the fourth quarter. The estimate out there, there's $8.91. Fourth quarter comp sales was also a miss, 5.6% growth. The estimate on the Street, they were looking for growth of about 7%.
Revenue, you're looking at it on your screen right there, roughly in line with the Street's expectations, $2.2 billion. The estimate was for 2.23 billion. Digital sales there for the company up about 37%. So, again, just not enough to offset the miss that we saw in EPS and the miss that we saw in comp sales. Overall, again, that restaurant sales growth number missing. 5.6% was what the company reported in the fourth quarter. The estimate was for 7% there. In terms of what they're seeing for the first quarter, they see comp restaurant sales growth in the high single digits.
