Chipotle Mexican Grill (CMG) Q4 2024 profits

Chipotle Mexican grill On Tuesday, traffic to its restaurants continues to increase, helping the company overcome analysts’ estimates for their quarterly profits.

However, the Burritos chain disappointed investors with their sales forecast in the same store by 2025 and comments on the weakest traffic of January. The company’s shares fell more than 4% in the extended trade.

This is what the company reported compared to what Wall Street expected, based on an LSEG analysts survey:

• Gains per share: 25 tight cents compared to 24 expected cents
• Income: $ 2.85 billion, meeting expectations

The company’s net sales rose 13.1% to $ 2.85 billion. Sales in the same store increased 5.4%, strengthening street estreets of 5.7%growth.

Transactions increased 4% in the quarter, continuing the largest chain traffic streak in the Burrito chain. During the past year, Chipotle has surpassed the broader restaurant industry, which has seen traffic drop since many consumers choose to cook their meals to save money.

But sales softened at the end of December, which executives attributed to Christmas and New Year’s Day on Wednesday.

However, sales have been “volatile” until now in 2025, said financial director Adam Rymer at the company’s telephone conference. The weather, including forest fires in Los Angeles, has had a greater impact on traffic than last year, according to executives.

“While we believe that underlying transactions trends are healthy and we have a solid plan for the year, we compare with the progressively harder compensation in the first half of the year and, therefore, we are guiding a composition of a digit of a digit of I only say low to medium for the whole year, “said Rymer.

Wall Street anticipated the growth of sales in the same store of 5.4% for the whole year, according to Streetacount estimates.

Chipotle’s forecast does not include the impact of Any rate That can be implemented in Canadian and Mexican imports. Executives said tariffs would increase the company’s cost of sales by 60 basic points, or 0.6 percentage points.

In September, Chipotle brought his smoked breast back. The company charges more for the menu element for a limited time than its other protein options.

Chipotle reported a net income of the fourth quarter of $ 331.8 million, or 24 cents per share, compared to $ 282.1 million, or 20 cents per share, a year earlier.

Excluding charges for restaurant deterioration, legal costs and other items, Chipotle won 25 cents per action.

The company opened 120 restaurants during the quarter, including an international license location. After 30 years of focusing mainly on his United States business, Chipotle is trying to expand internationally. For example, last year he entered Kuwait, his first new country in a decade.

By 2025, Chipotle hopes to open between 315 and 345 new locations, more than 80% of which will have a “chipotlane” for digital orders.