HALISTER: MORE: Chipotle Rises as July Comp. Trends Improve; 2Q Misses

MORE: Chipotle Rises as July Comp. Trends Improve; 2Q Misses

(Bloomberg) -- Chipotle says “July sales comp trends have already improved by 200 to 300 basis points, and transaction comp trends have improved by an even greater amount.”
  • CMG says marketing efforts led by Chiptopia frequency program “off to a nice start” in 3Q; says almost 30% of all transactions are “engaged in Chiptopia”
  • Shares up 2.6% post-market (vol. 194k) after earlier falling as much as 5.8%
  • 2Q EPS 87c, est. 91c
  • 2Q rev. $998.4m, est. $1.05b (range $1.01b-$1.09b)
  • 2Q comparable sales -23.6%, est. -20.6% (compiled by
Consensus Matrix)
  • Still sees 220-235 new restaurant openings for ’16
  • 2Q restaurant level oper. margin 15.5%, down from 28% y/y
  • 2Q food costs as 34.2% of rev., up 110bps y/y
  • Call 4:30pm, 800-316-8317
Statement DATA
  • Implied 1-day share move following earnings 8.2%:
Bloomberg data
  • Shares have fallen following 8 of previous 12 earnings
announcements; beat adj. EPS ests. in 9 of those 12
  • 13 buys, 17 holds, 5 sells, avg PT $452: Bloomberg data
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CMG US (Chipotle Mexican Grill Inc)

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UUID: 7947283

HALISTER: Bezos Topples Buffett as World’s Third Richest on Amazon Rise

Bezos Topples Buffett as World’s Third Richest on Amazon Rise

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AMZN US (Amazon.com Inc)
BRK/A US (Berkshire Hathaway Inc)

People
Jeffrey Bezos (Amazon.com Inc)
Warren Buffett (Berkshire Hathaway Inc)
Amancio Ortega Gaona (Gartler SL)
Carlos Kirjner (Sanford C Bernstein & Co Inc)
Melinda Gates (Bill & Melinda Gates Foundation)

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UUID: 7947283

HALISTER: Fox Confirms Roger Ailes Resigns as Head of Fox News

Fox Confirms Roger Ailes Resigns as Head of Fox News

(Bloomberg) -- Twenty-First Century Fox comments in e-mailed statement.
  • NOTE: July 19, Fox Said to Be Negotiating Exit Terms With News Chief Ailes (Link)
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
FOXA US (Twenty-First Century Fox Inc)

People
Roger Ailes (Twenty-First Century Fox Inc)

Topics
Management Changes
Who's News - People

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UUID: 7947283