Chipotle Mexican Grill (CMG) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter. The growth rate was lower than the prior quarter but higher than the same quarter last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased in the current quarter. The growth rate was lower than the prior quarter but higher than the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
+7.4%
Change from the immediately preceding quarter.
Year-over-year
+14.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.2B
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, 2023 | $2.5B | +13.6% |
| Sep 30, 2023 | $2.5B | +11.3% |
| Dec 31, 2023 | $2.5B | +15.4% |
| Mar 31, 2024 | $2.7B | +14.1% |
Revenue performance
Revenue rose compared to the immediately preceding quarter. The increase was smaller than the sequential gain seen in the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also increased. The year-over-year growth was stronger than the sequential change.
What to watch
The filing notes that cash from operations is expected to support ongoing capital expenditures and share repurchases, subject to market conditions.