Chipotle: 4Q Earnings Snapshot

Updated

NEWPORT BEACH, Calif. (AP) _ Chipotle Mexican Grill Inc. (CMG) on Tuesday reported fourth-quarter net income of $191 million.

On a per-share basis, the Newport Beach, California-based company said it had net income of $6.69. Earnings, adjusted for pretax gains, were $3.48 per share.

The results did not meet Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $3.70 per share.

The Mexican food chain posted revenue of $1.61 billion in the period, which matched Street forecasts.

For the year, the company reported profit of $355.8 million, or $12.52 per share. Revenue was reported as $5.98 billion.

Chipotle shares have risen nearly 10% since the beginning of the year, while the Standard & Poor's 500 index has increased almost 2%. In the final minutes of trading on Tuesday, shares hit $1,523.05, a rise of 76% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMG at https://www.zacks.com/ap/CMG

Originally published

Latest Stories

  • White House defends Biden's meeting with GOP senators on COVID relief package

    White House press secretary Jen Psaki said Monday that President Biden’s sit-down with a group of Republican senators on coronavirus relief legislation would be a “good faith” meeting of minds, despite the GOP’s rejection of several of the administration’s key proposals. 

  • Woman pours boiling water on sleeping boyfriend and records it on Snapchat, IL cops say

    “They rushin him to burn center but oh well,” she posted on SnapChat, authorities say.

  • Aerobics instructor unwittingly films Myanmar coup in the background of her live workout

    Myanmar's military arrested the country's civilian leaders and seized control of the government early Monday, ending a fragile 10-year transition to civilian rule. An aerobics instructor, Khing Hnin Wai, was recording her morning workout, it appears, "at the very moment Myanmar’s military was seizing power," Los Angeles Times Southeast Asia correspondent David Pierson reports, though she seems blissfully unaware as a convoy of black military vehicles stream behind her toward the parliament building in Naypyidaw, the capital. After her livestream of the coup went viral, Khing Hnin Wai posted earlier videos of her workouts to Facebook, all of them shot in the same location, in front of "the absurd emptiness of the 20-lane Yaza Htarni Road," Pierson notes, to prove that she did not stage her workout in front of the military staging its coup. "It's normal when I wake up in the morning," she wrote. More stories from theweek.comMeatballs, f-bombs, vote fraud conspiracies: A Trump Oval Office meeting so insane, Giuliani was 'the voice of reason'America's parents are not okayBiden's immigration executive orders don't do much. That could be by design.

  • Future of Holocaust research in Poland hinges on libel case

    Two Polish historians are facing a libel trial for a scholarly examination of Polish behavior during World War II, a case whose outcome is expected to determine the fate of independent Holocaust research under Poland’s nationalist government. A verdict is expected in Warsaw's district court on Feb. 9 in the case against Jan Grabowski and Barbara Engelking, historians with the Polish Center for Holocaust Research in Warsaw.

  • Russian prosecutors seek Navalny jail term, Kremlin tells U.S. to back off

    Russian state prosecutors said they would ask a court on Tuesday to jail opposition politician Alexei Navalny for up to three and a half years, and the Kremlin said it would not listen to U.S. complaints about his case. Riot police detained more than 5,300 people who took part in protests across Russia on Sunday calling for the release of Navalny, a prominent critic of President Vladimir Putin who was detained last month on his return from Germany. The political unrest is a headache for Putin, 68, who has dominated Russian politics for over two decades.

  • Biden tells Senate Democrats that GOP coronavirus plan is "too small"

    President Biden told Senate Democrats at a virtual lunch on Tuesday that Republicans' current $618 billion coronavirus relief proposal is "too small," but he wants to continue working toward a compromise and is willing to bend on the final price, a source on the call tells Axios.Why it matters: Biden made clear he is not giving up on finding a bipartisan path to passing stimulus legislation, despite many Democrats urging him to use the budget reconciliation process to bypass the GOP. He also said that the White House has red lines that they're unwilling to budge on, including the salary minimums for receiving stimulus checks.Be smart: sign up FREE for the most influential newsletter in America.What we're hearing: The president told the Senate Democratic caucus that there is no harm in spending too much, but there is harm in spending too little, and applauded the party for continuing to think big. * He said the Senate Republican offer of doling out $1,400 checks to people making $50,000 a year or less was a nonstarter, adding that his administration won't agree to anything lower than the full payment to individuals making $75,000 or less per year. * He then referred to a hypothetical "family of four" whose prime earners were a nurse and pipe-fitter, and how they may only make $150,000 combined, but are still worried about their jobs. "We can't leave them out," Biden said. * He didn't take any questions before hanging up on the call. * Treasury Secretary Janet Yellen emphasized Biden's insistence on ensuring they didn't underestimate the money needed to keep the economy in check, and then took several questions, which resulted in the meeting descending into chaos, the source on the call said.The president called into the Zoom rather than joining the video call. He told senators that the White House doesn’t have Zoom in the Oval Office, and he would have had to go to the Roosevelt Room to video in.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.

  • Lindsey Graham proven wrong immediately after trying to defend numerous Rep. Marjorie Taylor Greene's statements

    Senator says he would want to have conversations with Ms Greene before passing judgement on her prior comments

  • One Person’s Trash Is Another Person’s Coffee Table

    Furniture made from waste materials just keeps getting better—and easier to buyOriginally Appeared on Architectural Digest

  • Further analysis finds Oxford-AstraZeneca COVID-19 vaccine 76 percent effective 3 months after first shot

    Further analysis of trial data for the COVID-19 vaccine developed by the University of Oxford and AstraZeneca appears to have provided a boost for the United Kingdom's plan to lengthen the interval between doses to up to 12 weeks, which allows the country to administer the initial shot to more people. The U.K.'s decision is at the center of a wider debate over whether governments should prioritize of partially inoculating a larger percentage of the population or save second doses and give fewer people complete protection. The latest update to the study, which hasn't been peer-reviewed yet, suggests the vaccine is 76 percent effective at preventing symptomatic COVID-19 infections up to three months after a singular dose. That level of immunity appears to kick in a little more than three weeks after the initial shot, with little evidence of protection waning in the interim period. The figure then rises to 82 percent after the second dose. Swabs taken weekly from volunteers in the U.K. (the study also included participants in Brazil and South Africa) also showed a 67 percent reduction in positive PCR tests, raising confidence the vaccine may help prevent transmission as opposed to just lowering the risk of symptomatic and severe infections, though further study is necessary on that front. Read more at BBC and Bloomberg. More stories from theweek.comMeatballs, f-bombs, vote fraud conspiracies: A Trump Oval Office meeting so insane, Giuliani was 'the voice of reason'America's parents are not okayBiden's immigration executive orders don't do much. That could be by design.

  • Pakistan orders man acquitted in Pearl murder off death row

    Pakistan’s Supreme Court on Tuesday ordered the Pakistani-British man acquitted of the 2002 gruesome beheading of American journalist Daniel Pearl off death row and moved to a so-called government “safe house." Ahmad Saeed Omar Sheikh, who has been on death row for 18 years, will be under guard and will not be allowed to leave the safe house, but he will be able to have his wife and children visit him.

  • Israel says supplied first COVID-19 vaccines to Palestinians

    Israel said on Monday it supplied the Palestinians with their first shipment of COVID-19 shots, totalling 2,000 doses of Moderna's vaccine. The vaccines were transferred into the occupied West Bank and will be used by Palestinian Authority medical teams, according to a statement by COGAT, Israel's military liaison to the Palestinians. Israel has earmarked an additional 3,000 doses for the Palestinians, said a COGAT spokesman.

  • Huckabee: Biden 'making Barack Obama look like Ronald Reagan'

    Former Arkansas governor joins FOX News contributor Marc Thiessen to discuss president's progressive agenda on 'The Story'

  • McConnell Urges Caucus to Oppose Mayorkas for Biden DHS Secretary

    Senate Minority Leader Mitch McConnell urged Senate Republicans to vote against President Biden’s choice to lead the Department of Homeland Security, blasting Alejandro Mayorkas as an “ethically-compromised partisan lawyer.” “Frankly, his record should foreclose confirmation, even to a lower post,” McConnell said Tuesday in a withering speech on the Senate floor, adding that it is “remarkable that someone with this record is even up for a Cabinet appointment. I’ll be voting against his confirmation and urge our colleagues to do the same.” The Kentucky Republican listed several aspects of Mayorkas’s career that he said make the DHS veteran unworthy of the Cabinet post. “As a high-ranking official in the Obama administration, Mr. Mayorkas did his best to turn U.S. Citizenship and Immigration Services into an unethical favor factory for Democratic Party royalty,” McConnell continued. McConnell referenced an inspector general report that discovered Mayorkas had intervened to help several foreign investors connected to high-profile Democrats obtain green cards. Mayorkas previously headed U.S. Citizenship and Immigration Services, where he promoted a “culture of fear and disrespect,” McConnell charged. The Senate GOP leader said he has supported Biden’s other Cabinet nominees up to this point because they are “mainstream” choices, but argued Mayorkas is “something else.” A handful of other Senate Republicans have also voiced concern about Mayorkas’s nomination as DHS chief. “There’s a number of problems with that nomination that we need to talk about,” Senator John Cornyn, a Texas Republican, said last week. Meanwhile, Senate Majority Leader Chuck Schumer called Mayorkas’s qualifications “unassailable.” “He is a seven-year veteran of the DHS and has already been confirmed by this chamber three — three — times,” Schumer said. “Like most of President Biden’s Cabinet nominees, his nomination is also history-making: He will be the first Latino and first immigrant to hold the top job at DHS.” The Senate voted to confirm Mayorkas as DHS Secretary Tuesday afternoon in a 56-43 vote. So far, five of Biden’s Cabinet-level nominees have been confirmed: Treasury Secretary Janet Yellen, Director of National Intelligence Avril Haines, Defense Secretary Lloyd Austin, Transportation secretary Pete Buttigieg, and Secretary of State Antony Blinken.

  • Ireland 'does not need' vaccines from UK

    Ireland will not need excess UK vaccines as a pledged ramp up in EU deliveries will enable the country to meet its inoculation targets, political sources have said. Like many EU member states, the vaccination roll-out has ground to a halt as a supply crunch across the bloc has choked deliveries to Ireland. Ireland had the second highest rate of vaccinations per capita in the EU up to the end of last week as official figures show that 3 per cent of the population have been inoculated – 77,000 frontline health workers and 66,000 residents of elderly care facilities. Dublin had been heavily reliant on the AstraZeneca vaccine to meet its target of fully vaccinating 700,000 people by the end of March. Last week it emerged that Ireland would receive 300,000 AstraZeneca jabs compared to an original pledge of 600,000 doses. Last night however, following negotiations between Ursula von der Leyen, the President of the European Commission, and AstraZeneca, Ireland will receive an extra 100,000 doses of the vaccine. The government has lowered its target to vaccinating 600,000 people by the end of the first quarter, although following the announcement by Pfizer that it will deliver an extra 75 million jabs to the EU in the second quarter, Irish officials are confident that they will meet the overall target of inoculating 70 per cent of the adult population by September. The view in Irish government circles is that by the time the UK has reached herd immunity, Ireland should have access to more than enough doses through the EU program to meet vaccination capacity. Ireland has access to 1 per cent of the Commission’s portfolio of 2.3 billion vaccines, which is enough to cover the population twice. Even though there has been a lot of criticism in Ireland of the EU Commission’s procurement policy, which was seen as overly bureaucratic, privately political sources have said that if it had been a free-for-all among member states, the country would have been in a much worse position.

  • China strips license from second lawyer for HK activists

    A second Chinese lawyer who represented a Hong Kong pro-democracy activist was stripped of his license on Tuesday as Beijing attempts to crush opposition to its tighter control over the territory. Ren Quanniu, who represented one of 12 Hong Kong activists who tried to flee to Taiwan, said he had his license revoked by the Henan Provincial Justice Department.

  • Torture, forced labour rife in North Korea, U.N. says as U.S. mulls sanctions

    Torture and forced labour are rife in North Korea's prisons, amounting to possible crimes against humanity, the U.N. human rights office said on Tuesday, as the Biden administration weighs fresh sanctions over Pyongyang's nuclear programme. The report, issued seven years after a landmark U.N. investigation found that crimes against humanity were being committed, also said that political prison camps run by security forces still persisted, although information is more scarce. “Not only does impunity prevail, but human rights violations that may amount to crimes against humanity continue to be committed,” Michelle Bachelet, U.N. High Commissioner for Human Rights, said in a statement.

  • Biden's immigration executive orders don't do much. That could be by design.

    President Biden is set to sign another set of immigration-related executive orders on Tuesday — but they don't exactly do much. While the actual wording of the orders has yet to be revealed, both a White House fact sheet and White House Press Secretary Jen Psaki indicated they have more to do with reviewing the Trump administration's immigration policies than actually undoing them. The vague orders drew criticism from advocates who want Biden to reunite families split under the zero tolerance policy and end the so-called Remain in Mexico policy — things he will only be committing to looking into on Tuesday. But as The Washington Post columnist Catherine Rampell theorized, Biden's hedging could be his way of avoiding court challenges to heavy-handed orders. Not sure, but I suspect that not putting more specific directives in EO itself is about implementing changes in a way that's more likely to stand up in court. Trump put specific, significant policy changes right into his EOs - and that may have made them more vulnerable under APA — Catherine Rampell (@crampell) February 2, 2021 Nicholas Bagley, an administrative law expert and professor at the University of Michigan, meanwhile argued Biden could be enacting a legal strategy. But seeing as both Biden's and former President Donald Trump's executive orders were often vague, it's more likely this is Biden's way to build "trust" among those invested in his policy goals. 2/2 It's more likely about stakeholder management and trust. Trump used his EOs to signal commitment and to box in administrators who might undermine/misconstrue his orders. Biden has less need to signal (at least for now) and thinks he's got the bureaucracy on his side. — Nicholas Bagley (@nicholas_bagley) February 2, 2021 Also on Tuesday, the Senate confirmed Alejandro Mayorkas to head the Department of Homeland Security. Mayorkas will be the first immigrant to head the department that oversees the U.S. immigration system. More stories from theweek.comMeatballs, f-bombs, vote fraud conspiracies: A Trump Oval Office meeting so insane, Giuliani was 'the voice of reason'America's parents are not okayManchin will support Democrats' reconciliation bill, allowing COVID relief to move forward without GOP

  • Archaeologists unearth 2,000-year-old mummies with golden tongues in northern Egypt

    Archaeologists in Egypt have unearthed more than a dozen 2,000-year-old mummies, including some with gold tongues in their mouths, according to the country’s Ministry of Tourism and Antiquities. The Egyptian-Dominican team from the University of Santo Domingo in the Dominican Republic was working at the Taposiris Magna Temple in western Alexandria when it discovered the remains of 16 ancient Egyptians buried in rock tombs. The mummies were poorly preserved and in a state of significant decomposition, but photographs released by the ministry showed a human skeleton with a clearly visible, tongue-shaped piece of gold placed in its jaw. According to officials, the amulets “were placed in the mouth of the mummy in a special ritual to ensure their ability to speak in the afterlife before the Osirian court.” In Egyptian mythology, Osiris was the god of the afterlife, as well as fertility and agriculture. Dr Kathleen Martinez, who headed the team, explained that of the 16 mummies, the two most important had preserved alongside them the remains of scrolls and parts of their cartonnage – a kind papyrus or linen-based papier-mache used to construct the intricate “face masks” that envelop the mummified bodies inside their sarcophagi.

  • 2 California supermarkets closing after city orders pay hike

    Kroger Co. will close two Southern California supermarkets in response to a local ordinance requiring extra pay for certain grocery employees working during the pandemic. The decision announced by the company Monday follows a unanimous vote last month by the Long Beach City Council mandating a 120-day increase of $4 an hour for employees of supermarkets with at least 300 employees nationwide and more than 15 in Long Beach. Kroger said it will close a Ralphs market and a Food 4 Less on April 17, the Press-Telegram reported.

  • Once united in support of Biden, environmentalists and unions clash over pipelines

    Environmentalists and labor unions that threw their support behind U.S. President Joseph Biden now find themselves on the opposite sides of a battle over the construction of big pipeline projects between Canada and the United States. The United States is the world's largest producer of oil and gas. Biden's administration aims to transition the U.S. economy towards net-zero carbon emissions by 2050, and his initial moves towards that goal included cancelling a permit for the Keystone XL crude oil pipeline (KXL) and reducing oil-and-gas leasing.