Retail

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

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An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky.

Luke Sharrett | Bloomberg | Getty Images

Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order online, with Chipotle’s digital sales more than tripling during the second quarter.

Shares of the company fell 1% in extended trading.

Here’s what Chipotle reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 40 cents, adjusted, vs. 35 cents expected
  • Revenue: $1.36…



Source cnbc.com

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