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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 2.7B | 7.4% |
Gross Profit | 1.05B | 52% |
Cost of Revenue | 1.65B | 9.5% |
Operating expense | 599M | 27.1% |
Net Income | 359M | 27.4% |
EBITDA | 544M | 11.2% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 8.41B | 4.6% |
Total Liabilities | 5.05B | 1.4% |
Total Equity | 3.36B | 9.8% |
Shares Outstanding | 27M | 0% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 569M | 114.4% |
Cash from investing | -301M | 98% |
Cash from financing | -100M | 35.6% |
EPS
Financial Highlights for Chipotle in Q1 '24
Chipotle reported a revenue of 2.7B, which is a 7.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.05B, marking a 52% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.65B, a -9.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 599M, showing a -27.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 359M, showing a 27.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 544M, showing a 11.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Chipotle with growth in revenue, gross profit, and net income.