Chipotle mexican grill reports q1 adj eps of $3.08

Chipotle announces first quarter 2020 results.q1 adjusted earnings per share $3.08.q1 earnings per share $2.70.q1 earnings per share estimate $2.90 -- refinitiv ibes data.q1 revenue $1.4 billion versus refinitiv ibes estimate of $1.42 billion.chipotle mexican grill - comparable restaurant sales during month of march were negatively impacted by impact of covid-19, resulting in decline of 16.0%.qtrly restaurant level operating margin was 17.6%, a decrease of 340 basis points.doesn't intend to utilize paycheck protection program loan provision of cares act.expect to see a liquidity benefit of about $100 million.believe we have enough cash to sustain us for well over a year.qtrly food, beverage and packaging costs were 32.8% of revenue, an increase of 60 basis points compared to q1 of 2019.withdrawing previous fiscal 2020 guidance.qtrly digital sales grew 80.8%.opened 19 new restaurants including one relocation and closed two restaurants during quarter.chipotle mexican grill - has strong financial position with $909.2 million in cash, restricted cash, & short-term investments as of march 31, 2020 & no debt.general and administrative expenses for quarter were $106.5 million on a gaap basis.
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