Chipotle reports Q2 adjusted EPS 33c, consensus 33c

Reports Q2 revenue $3.1B, consensus $3.12B. Comparable restaurant sales decreased 4%. “We are seeing momentum build as we rolled out our summer marketing initiatives and as our comparisons ease,” said Scott Boatwright, Chief Executive Officer, Chipotle (CMG). “Our talented restaurant teams remain focused on delivering hand-crafted meals in abundance with the best ingredients, made fresh daily using classic culinary techniques at a value you cannot find anywhere else. I am optimistic that our positive momentum will continue as we further support our world-class people with new tools to improve execution, introduce new menu innovations, amplify our rewards program, and introduce this great brand to more communities around the globe.”