Chipotle Mexican Grill (CMG) Revenue — Quarter Ended Sep 30, 2024
Revenue for the most recent quarter declined compared to the immediately preceding quarter. However, it rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the most recent quarter declined compared to the immediately preceding quarter. However, it rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.8B
Revenue reported for this quarter.
Quarter-over-quarter
-6.0%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$11B
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, 2023 | $2.5B | +15.4% |
| Mar 31, 2024 | $2.7B | +14.1% |
| Jun 30, 2024 | $3B | +18.2% |
| Sep 30, 2024 | $2.8B | +13.0% |
Revenue performance
The quarter's revenue was lower than the prior quarter's level, reflecting a sequential downturn. Despite this, the year-over-year comparison showed an increase.
Quarterly comparison
When measured against the prior quarter, revenue decreased. In contrast, revenue was higher than the same quarter a year ago.
What to watch
The sequential decline in revenue, following a period of sequential growth, merits attention.