During Wednesday’s current trade, Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG), declined -6.33%, and is now trading at $648.71.
Chipotle Mexican Grill, stated financial results for its first quarter ended March 31, 2015.
Highlights for the first quarter of 2015 as contrast to the first quarter of 2014 comprise:
- Revenue raised 20.4% to $1.09 billion
- Comparable restaurant sales raised 10.4%
- Restaurant level operating margin was 27.5%, an raise of 160 basis points
- Net income was $122.6 million, an raise of 47.6%
- Diluted earnings per share was $3.88, an raise of 47.0%
- Opened 49 new restaurants.
First quarter 2015 results
- Revenue for the quarter was $1.09 billion, up 20.4% from the first quarter of 2014. The growth in revenue was driven by new restaurants not in the comparable base and a 10.4% raise in comparable restaurant sales. Comparable restaurant sales growth was driven primarily by a raise in average check, which comprises the benefit of a nationwide menu price raise that was fully rolled out during the second quarter of 2014, and to a lesser extent by raised traffic.
- The company opened 49 new restaurants during the quarter, bringing the total restaurant count to 1,831.
- Food costs were 33.9% of revenue, a decrease of 60 basis points, as the benefit of their menu price raise were partially offset by increased beef and tortilla costs as contrast to the first quarter of 2014.
Chipotle Mexican Grill, Inc., together with its auxiliaries, develops and operates fast-casual and fresh Mexican food restaurants. As of February 3, 2015, it operated about 1,780 restaurants, counting 17 Chipotle restaurants and 9 ShopHouse Southeast Asian Kitchen restaurants. The company was founded in 1993 and is based in Denver, Colorado.
During an afternoon trade, Shares of Super Micro Computer, Inc. (NASDAQ:SMCI), declined -11.52%, and is now trading at $30.75.
Super Micro Computer, declared third quarter of fiscal 2015 financial results for the quarter ended March 31, 2015.
Fiscal 3rd Quarter Highlights
- Quarterly net sales of $471.2 million, down 6.3% from the second quarter of fiscal year 2015 and up 26.1% from the same quarter of last year.
- GAAP net income of $23.1 million, down 26.2% from the second quarter of fiscal year 2015 and up 39.1% from the same quarter of last year.
- GAAP gross margin of 16.3%, down from 16.8% in the second quarter of fiscal year 2015 and up from 15.3% in the same quarter of last year.
- Server solutions accounted for 64.1% of net sales contrast with 60.1% in the second quarter of fiscal year 2015 and 50.1% in the same quarter of last year.
Super Micro Computer, Inc., together with its auxiliaries, develops and provides high performance server solutions based on modular and open-standard architecture. The company offers a range of server, storage, blade, workstation, and full rack solutions, in addition to networking devices, server administration software, and technology support and services.
Shares of ADTRAN Inc. (NASDAQ:ADTN), during its Wednesday’s current trading session declined -9.44%, and is now trading at $16.82, hitting its lowest level.
ADTRAN, stated results for the first quarter 2015. For the quarter, sales were $142,835,000 contrast to $147,004,000 for the first quarter of 2014. Net income was $3,317,000 contrast to $9,607,000 for the first quarter of 2014. Earnings per share, assuming dilution, were $0.06 contrast to $0.17 for the first quarter of 2014. Non-GAAP earnings per share were $0.10 contrast to $0.21 for the first quarter of 2014. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table offered.
The Company also declared that its Board of Directors declared a cash dividend for the first quarter of 2015. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on May 7, 2015. The ex-dividend date is May 5, 2015 and the payment date is May 21, 2015.
ADTRAN, Inc. manufactures and sells networking and communications equipment worldwide. It operates in two divisions, Carrier Networks and Enterprise Networks. The Carrier Networks division provides broadband access products, such as multi-service access nodes, fiber to the nodes, digital subscriber line access multiplexer products, and distribution point units.
Finally, Cree, Inc. (NASDAQ:CREE), lost -9.14% Wednesday.
Cree, declared revenue of $409.5 million for its third quarter of fiscal 2015, ended March 29, 2015. This represents a 1% raise contrast to revenue of $405.3 million stated for the third quarter of fiscal 2014. GAAP net income for the third quarter was $0.7 million, or $0.01 per diluted share, a decrease of 98% year-over-year contrast to GAAP net income of $28.2 million, or $0.23 per diluted share, for the third quarter of fiscal 2014. On a non-GAAP basis, net income for the third quarter of fiscal 2015 was $25.0 million, or $0.22 per diluted share, a decrease of 48% year-over-year contrast to non-GAAP net income for the third quarter of fiscal 2014 of $47.7 million, or $0.39 per diluted share.
Recent Business Highlights:
- Redefined outdoor lighting performance for rural applications with the introduction of the LED Rural Utility Light (RUL) Series, designed to deliver an unprecedented combination of price, performance and quality to accelerate adoption of LED lighting across rural areas in North America;
- Introduced a new addition to the industry-leading CXA LED array family, CXA2 LED arrays, which deliver up to 33 percent higher efficacy in the same form factors by utilizing elements of the Cree® SC5 Technology™ Platform;
- Continued to expand the leading LED bulb portfolio with the TW Series™ LED T8 Tube Replacement for consumers. Designed for simple, wire-free installation, it provides industry-leading compatibility, besting the competition in light quality and performance, all at an affordable price;
- Built on the success of the groundbreaking XLamp® MH family of LEDs with the introduction of the XLamp MHD-E and MHD-G LEDs. These new LEDs leverage the Cree SC5 Technology platform to combine the high lumen density and reliability of a ceramic chip-on-board LED with the design and manufacturing advantages of a surface-mount package;
- Declared that the U.S. International Trade Commission (ITC) has agreed to open an investigation into unfair trade practices by Feit Electric Company, Inc. and its Asian supplier, Unity Opto Technology Co., Ltd., in response to a complaint filed by Cree on January 12, 2015.
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally.
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