June 19, 2017 / 8:18 PM / 2 months ago

BRIEF-Chipotle continue to expect food costs to be about 34.2pct of sales for Q2

June 19 (Reuters) - Chipotle Mexican Grill Inc:

* Chipotle - for Q2, continue to expect food costs to be about 34.2pct of sales, marketing & promotion costs to be up about 20 to 30 basis points versus q1

* Chipotle Mexican Grill Inc says for the full year, continue to expect comparable restaurant sales increases in the high single digits

* Chipotle Mexican Grill - "expect other operating costs as a percentage of sales for Q2 to be at or slightly higher than reported for Q1"

* Chipotle Mexican Grill Inc - for full year, continue to expect 195-210 new restaurant openings, an estimated effective tax rate of approximately 39.0pct Source text: (bit.ly/2tlzwwH) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below