An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky.
Luke Sharrett | Bloomberg | Getty Images
Chipotle Mexican Grill on Tuesday said digital sales more than doubled in March, helping the company report positive same-store sales growth even as social-distancing measures roil the restaurant industry.
Shares of the company rose 3.6% in extended trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $3.08, adjusted, vs. $2.90 expected
- Revenue: $1.41 billion vs. $1.41 billion expected
The burrito chain reported fiscal first-quarter net income of $76.39 million, or $2.70 per share, down from $88.13 million, or $3.13 per share, a year earlier.
Excluding items, Chipotle earned $3.08 per share.
Net sales rose 7.8% to $1.41 billion. Same-store sales rose 3.3%, although overall transactions fell 1.4%.
Wall Street anticipated earnings per share of $2.90…