Chipotle Mexican Grill (CMG) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to the prior quarter. It also grew versus the same quarter a year ago.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to the prior quarter. It also grew versus the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
+8.6%
Change from the immediately preceding quarter.
Year-over-year
+17.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.2B | +17.0% |
| Sep 30, 2022 | $2.2B | +13.7% |
| Dec 31, 2022 | $2.2B | +11.2% |
| Mar 31, 2023 | $2.4B | +17.2% |
Revenue performance
Reported revenue moved higher sequentially, continuing the upward trajectory observed in recent periods. The year-over-year comparison also reflected a larger increase than the prior sequential change.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. When measured against the same quarter one year prior, revenue was significantly higher, marking the largest year-over-year gain among the recent four quarters shown.
What to watch
The filing provides no specific context for the revenue changes; monitor future filings for any discussion of underlying drivers.