Chipotle announces second quarter 2020 results

Chipotle announces second quarter 2020 results.q2 adjusted earnings per share $0.40.q2 earnings per share $0.29.q2 earnings per share estimate $0.26 -- refinitiv ibes data.q2 revenue $1.4 billion versus refinitiv ibes estimate of $1.33 billion.qtrly comparable restaurant sales declined 9.8%.digital sales grew 216.3% and accounted for 60.7% of sales for quarter.qtrly digital sales grew 216.3% and accounted for 60.7% of sales for quarter.chipotle - quarter had a $0.11 per share after-tax impact from expenses related to restaurant asset impairment, closure costs, restructuring.as of june 30 had $934.6 million in cash, short-term investments and restricted cash, and no debt.as of june 30, also had $600 million untapped credit facility with which to continue to navigate coronavirus crisis.chipotle - not providing fiscal 2020 guidance related to comparable restaurant sales growth, new restaurant openings, effective fy tax rate.chipotle - if comp restaurant sales improvement co is seeing continues, co has confidence in potential to generate positive cash flow for rest 2020.comparable restaurant sales in july are up 6.4% month to date.food, beverage and packaging costs in the second quarter were 33.3% of revenue.qtrly restaurant level operating margin was 12.2%, a decrease from 20.9% in the second quarter of 2019.to continue to invest in elevating digital experience, including opening more chipotlanes.
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