Chipotle Mexican Grill, Inc. (CMG) experienced an increase of 6.62% in aftermarket following the announcement of the fourth quarter and full-year 2021 results. However, the last trading session closed at $1460.35 with an increase of 0.51%.
Fourth Quarter 2021 Results – What’s new?
CMG announced fourth-quarter 2021 results on 8th February 2022. The company reported that the revenues jumped 22% and reached almost $2.0 billion. Not only this but the comparable restaurant sales inclined to 15.2% with digital sales experiencing around 3.8% increase. Furthermore, the restaurant-level operating margin came around 20.2% giving an increase of 70 basis points. Last but not the least, the company also launched 78 new restaurants at amazing locations.
CMG: The full Year 2021 Results – More About it
CMG stated full-year 2021 results on 8th February 2022. According to the results, the company has seen to experience a total revenue of about $7.5 billion with an incline of 26.1%. Moreover, digital sales increased by 24.7% and reached 45.6% of sales. Not only this but the operating margin rose to 10.7% and diluted earnings per share came out to be $22.90. Last but not the least, the company successfully opened 215 restaurants in the entire year.
How was the year for CMG?
Chipotle had an exceptional year in 2021, demonstrating the brand’s power and endurance. As the dedicated workers remained committed to providing outstanding guest experiences in line with the mission and values, the company did many incredible things together. Moreover, expanding access and convenience through the digital ecosystem, driving unit development, and continuing to train and support the restaurant staff will place the company in a much stronger competitive position going forward.
Launch of Plant-Based Chorizo & New Lifestyle Bowls – Worth it?
On 3rd January 2022, CMG reported that Plant-Based Chorizo is now available in certain locations across the United States for a limited period. Plant-Based Chorizo is a new, crave-able protein prepared with all-natural, quality ingredients cultivated on a farm rather than in a laboratory. The Chipotle app, Chipotle.com, and third-party delivery partners are now offering the brand’s latest menu innovation.
The company is ecstatic to present the new, flavor-packed Plant-Based Chorizo to guests during a time of year. Lastly, the company believes that Plant-Based Chorizo is their most flavorful chorizo yet, proving that a vegan or vegetarian protein doesn’t have to be tasteless.
