Chipotle Mexican Grill Q3 sales increased 4.4%Staff Writer | October 26, 2018
Chipotle Mexican Grill reported financial results for its third quarter ended September 30, 2018.
Chipotle Mexican Grill Digital sales grew 48.3%
Comparable restaurant sales increased 4.4%.
Digital sales grew 48.3% in the quarter and accounted for 11.2% of sales.
Restaurant level operating margin was 18.7%, an increase from 16.1%.
Net income was $38.2 million, including the after-tax impact of $22.4 million in expenses related to restaurant asset impairment, corporate restructuring, and certain other costs, a 94.8% increase from $19.6 million; excluding those items, adjusted net income was $60.7 million, a 60.3% increase from $37.8 million.1.
Diluted earnings per share was $1.36, net of a $0.80 after-tax impact from expenses related to restaurant asset impairment, corporate restructuring, and certain other costs, a 97.1% increase from $0.69. Adjusted diluted earnings per share excluding these charges was $2.16, a 62.4% increase from $1.33.1. ■