Chipotle Mexican Grill (CMG) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased from the immediately preceding period, but increased compared to the same quarter one year earlier. The sequential decline follows a period of sustained year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased from the immediately preceding period, but increased compared to the same quarter one year earlier. The sequential decline follows a period of sustained year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-1.7%
Change from the immediately preceding quarter.
Year-over-year
+11.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.5B
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 |
|---|---|---|
| Dec 31, 2022 | $2.2B | +11.2% |
| Mar 31, 2023 | $2.4B | +17.2% |
| Jun 30, 2023 | $2.5B | +13.6% |
| Sep 30, 2023 | $2.5B | +11.3% |
Revenue performance
Reported revenue declined from the prior quarter, marking a sequential downturn. However, on a year-over-year basis, revenue remained higher.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline contrasts with the year-over-year growth, suggesting a potential shift in near-term momentum.