CMG - Embedded Expectations Analysis - 2021 06 02
Chipotle Mexican Grill, Inc. (CMG:USA) currently trades well above corporate averages relative to Uniform earnings with a 73.5x Uniform P/E, implying bullish expectations for the firm. Moreover, management is confident about their Cauliflower rice launch, sales growth, and inflationary cost mitigationSpecifically, management is confident they have developed excellent Cauliflower rice that consumers love, and which works well operationally, and that they launched quesadillas as dining rooms start to reopen. Also, they are confident first quarter sales grew 23.4% year-over-year to $1.7 billion and that they are in a better position to pass inflationary costs to customers than their competitors
Chipotle Mexican Grill together with its subsidiaries operates Chipotle Mexican Grill restaurants, which feature a menu of burritos, burrito bowls (a burrito without the tortilla), tacos, and salads. The company operates Chipotle restaurants throughout the United States, international Chipotle restaurants, and non-Chipotle restaurants. The company uses various herbs, spices and seasonings to prepare its meats and vegetables. The company also serves tortilla chips that seasoned with lime juice and salt, with sides of hand mashed guacamole, salsas, or queso. In addition to sodas, fruit and tea drinks, and organic milk, most of the company's restaurants also provide a selection of beer and margaritas.
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