Background on CMG 2007Q2 earnings
Last quarter saw profit growth of 56% with an 8.3% growth of same store sales. That's not half bad.
Analysts expect income of 45 cents per share and sales of $262.9million. And, in logic that only high paid investment bankers can understand, most folks expect chipotle to beat those expectations and raise guidance for Q3. Indeed.
The call starts in a half hour and can be listened to via the interweb at this investor relations page. You have to share some details about who you are. I'll be adding more as the call passes.
Press Release Before the call
From there's some juicy details. EPS smashed the expectation at 60 cents per share, sales beat expectations at $274.3million, and same store sales grew at 11.6%. Wow.
One interesting thought I have here is that they just mentioned "market concerns about rising labor and raw materials costs". Chipotle's slow adoption of higher end raw materials may buffer them against these rising prices. Until they go "100%" in any one category they can reduce the mix of organic/natural/RGBH free items. Also, as their suppliers increase the supply of these higher end raw materials it reduces the premium which chipotle has to pay for them.
Discussing Innovation
Just mentioned the "hotter more evenly heated tortillas more quickly with less effort" which must be the one I photographed at 1600 california street. 
read the feed
