Unique Food Culture Increases Chipotle Mexican Grill (CMG) Profitability
Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) surged on Friday after the company reported substantial financial improvements in revenue and earnings
For the third quarter 2013, CMG posted revenue of $826.9 million, an 18.0% increase year over year, and net income of $83.4 million, or $2.66 per diluted share, compared to $72.3 million, or $2.27 per diluted share, in the same period the prior year.
For the first nine months of 2013, CMG posted revenue of $2.37 billion, representing an increase of 16.7% year over year, and net income of $247.8 million, or $7.93 per diluted share, compared to $216.6 million, or $6.80 per diluted share, in the first nine months of 2012.
CMG stock is trading for about $506.75, representing an increase of $67.68 or 15.41%, with more than 1,953,000 shares traded so far.
CMG was started with the idea that food served fast did not have to be a typical fast food experience. Today, CMG continues to offer a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.
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Crown Equity Holdings Inc. (CRWE) goal is to accelerate the success of the company, by refocusing on prior endeavors to deliver value for its stockholders in both the near and long term.
CRWE has refocused its efforts and direction to an endeavor launched earlier this year in reference to an online business-to-business (B2B) marketplace platform for manufacturers and small to large businesses on a global basis to sell and acquire various types of merchandise. CRWE has started updating its B2B business plan and strategies to move forward.
Strategic plans are also being developed for CRWE's online video-sharing and VoIP communication projects to improve the potential future growth for the company
Online ad spending has rapidly become a main stay in many advertising budgets with online TV ad budgets being with one of the main dynamics driving product and service revenue across all industries.
BIA/Kelsey has projected that social media advertising spending will hit close to $10 billion by year 2016 well up from $4.8 billion spent in 2012.
According to Break Media, video ad spending will reach $5.4 Billion by 2016.
CRWE is targeting that multi-billion dollar market with its Division CRWETube (www.crwetube.com)
Watch the video at http://www.crwenewswire.com/153962/stock-alerts/crown-equity-holdings-could-be-sitting-on-a-gold-mine-with-crwetube
Together with its digital network of Websites, CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher. CRWE focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. CRWE's advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. CRWE launches, invests and manages select businesses, projects and real estate endeavors.
More about Crown Equity Holdings Inc. (CRWE) at http://www.crownequityholdings.com.
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For the third quarter 2013, CMG posted revenue of $826.9 million, an 18.0% increase year over year, and net income of $83.4 million, or $2.66 per diluted share, compared to $72.3 million, or $2.27 per diluted share, in the same period the prior year.
For the first nine months of 2013, CMG posted revenue of $2.37 billion, representing an increase of 16.7% year over year, and net income of $247.8 million, or $7.93 per diluted share, compared to $216.6 million, or $6.80 per diluted share, in the first nine months of 2012.
CMG stock is trading for about $506.75, representing an increase of $67.68 or 15.41%, with more than 1,953,000 shares traded so far.
CMG was started with the idea that food served fast did not have to be a typical fast food experience. Today, CMG continues to offer a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.
******
Crown Equity Holdings Inc. (CRWE) goal is to accelerate the success of the company, by refocusing on prior endeavors to deliver value for its stockholders in both the near and long term.
CRWE has refocused its efforts and direction to an endeavor launched earlier this year in reference to an online business-to-business (B2B) marketplace platform for manufacturers and small to large businesses on a global basis to sell and acquire various types of merchandise. CRWE has started updating its B2B business plan and strategies to move forward.
Strategic plans are also being developed for CRWE's online video-sharing and VoIP communication projects to improve the potential future growth for the company
Online ad spending has rapidly become a main stay in many advertising budgets with online TV ad budgets being with one of the main dynamics driving product and service revenue across all industries.
BIA/Kelsey has projected that social media advertising spending will hit close to $10 billion by year 2016 well up from $4.8 billion spent in 2012.
According to Break Media, video ad spending will reach $5.4 Billion by 2016.
CRWE is targeting that multi-billion dollar market with its Division CRWETube (www.crwetube.com)
Watch the video at http://www.crwenewswire.com/153962/stock-alerts/crown-equity-holdings-could-be-sitting-on-a-gold-mine-with-crwetube
Together with its digital network of Websites, CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher. CRWE focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. CRWE's advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. CRWE launches, invests and manages select businesses, projects and real estate endeavors.
More about Crown Equity Holdings Inc. (CRWE) at http://www.crownequityholdings.com.
********************************
Read Full Disclaimer at http://www.pennyomega.com/disclaimer