Chipotle Reports Another Excellent Quarter - But Can The Stock Go Higher?
October 30, 2007 at 1:22 pm · Category: Stocks
Well, no surprise here: Chipotle (CMG) reported another awesome quarter (CMG 3Q Earnings Release):
- Revenues were up 36% to $286 million - analysts were looking for $279 million.
- Same store sales were up 12.4% from the third quarter of last year.
- Net Income was up 75% to $20.6 million or 62 cents a share - analysts were looking for 53 cents
This is definitely a strong quarter even given expectations.
But was it all in the stock already? Can shares go higher?
UPDATE (Tue 10/30, 6:30pm PST): Chipotle shares finished the after hours session up 3.15% to $137.70.
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