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Chipotle profit beats consensus by 19.5% in Q4

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Chipotle profit beats consensus by 19.5% in Q4

Chipotle Mexican Grill Inc. said its normalized net income for the fourth quarter amounted to $2.22 per share, compared with the S&P Capital IQ consensus estimate of $1.86 per share.

EPS fell 41.4% year over year from $3.78.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $69.4 million, a decline of 41.8% from $119.4 million in the prior-year period.

The normalized profit margin fell to 7.0% from 11.2% in the year-earlier period.

Total revenue decreased 6.8% on an annual basis to $997.5 million from $1.07 billion, and total operating expenses came to $888.4 million, compared with $879.7 million in the year-earlier period.

Reported net income decreased 44.0% year over year to $67.9 million, or $2.17 per share, from $121.1 million, or $3.84 per share.

For the year, the company's normalized net income totaled $15.54 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $14.80.

EPS rose 8.7% from $14.31 in the prior year.

Normalized net income was $489.6 million, a gain of 8.6% from $450.8 million in the prior year.

Full-year total revenue rose 9.6% year over year to $4.50 billion from $4.11 billion, and total operating expenses rose 9.8% on an annual basis to $3.72 billion from $3.39 billion.

The company said reported net income rose 6.8% on an annual basis to $475.6 million, or $15.10 per share, in the full year, from $445.3 million, or $14.13 per share.