Chipotle Mexican Grill Inc. Profit Retreats 95% In Q3

(RTTNews) - Chipotle Mexican Grill Inc. (CMG) announced earnings for third quarter that fell compared to the same period last year.

The company said its bottom line dropped to $7.80 million, or $0.27 per share. This was down from $144.88 million, or $4.59 per share, in last year's third quarter.

Analysts had expected the company to earn $1.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 14.8% to $1.04 billion. This was down from $1.22 billion last year.

Chipotle Mexican Grill Inc. earnings at a glance:

-Earnings (Q3): $7.80 Mln. vs. $144.88 Mln. last year. -Earnings Decline (Y-o-Y): -94.6% -EPS (Q3): $0.27 vs. $4.59 last year. -EPS Decline (Y-o-Y): -94.1% -Analysts Estimate: $1.59 -Revenue (Q3): $1.04 Bln vs. $1.22 Bln last year. -Revenue Change (Y-o-Y): -14.8%