Chipotle Mexican Grill Earnings Preview: Increasing Customer Count To Drive Comparable Sales In Q4

In 2014, the company maintained its impressive performance, with a 31.1% year-over-year (y-o-y) increase in the net revenues to $1.08 billion for the third quarter, primarily driven by a double digit growth in the comparable store sales, which grew at 20%. As a result, the Mexican cuisine specialist managed to produce diluted EPS of $4.15 in Q3, up 56% y-o-y. The price hikes and increasing customer count were the primary factors that drove the comparable store sales. The company's net operating ...