Chipotle Mexican Grill (CMG) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the reported quarter. It was higher than both the preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the reported quarter. It was higher than both the preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+10.0%
Change from the immediately preceding quarter.
Year-over-year
+18.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.7B
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 |
|---|---|---|
| Sep 30, 2023 | $2.5B | +11.3% |
| Dec 31, 2023 | $2.5B | +15.4% |
| Mar 31, 2024 | $2.7B | +14.1% |
| Jun 30, 2024 | $3B | +18.2% |
Revenue performance
The revenue growth was evident in both sequential and year-over-year comparisons. The year-over-year increase was larger than the sequential increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter one year ago, the increase was even greater.
What to watch
The company's cash flow outlook assumes no significant decline in comparable restaurant sales, as stated in the filing.