Chipotle Mexican Grill (CMG) Revenue — Quarter Ended Dec 31, 2023
Revenue increased compared to both the prior quarter and the same period a year ago. The growth reflects continued positive momentum in the business.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased compared to both the prior quarter and the same period a year ago. The growth reflects continued positive momentum in the business.
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
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+15.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.9B
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 |
|---|---|---|
| Mar 31, 2023 | $2.4B | +17.2% |
| Jun 30, 2023 | $2.5B | +13.6% |
| Sep 30, 2023 | $2.5B | +11.3% |
| Dec 31, 2023 | $2.5B | +15.4% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, indicating steady sequential improvement.
Quarterly comparison
Compared to the same period one year earlier, the revenue gain was substantial, underscoring the company's long-term expansion.
What to watch
Monitor whether the company can maintain its revenue growth trajectory in the face of evolving market dynamics.