Chipotle Mexican Grill (CMG) reported impressive financial results for the first quarter of 2023, surpassing analyst estimates and demonstrating continued growth. Revenue increased 14.1% year-over-year to $2.7 billion, exceeding expectations of $2.675 billion. Adjusted earnings per share reached $13.37, significantly higher than the estimated $11.68. Comparable restaurant sales surged by 7% due to increased transactions and a slight increase in average check. Digital sales remained strong, accounting for 36.5% of food and beverage revenue. The company’s continued focus on operational efficiency resulted in an operating margin of 16.3%, up from 15.5% in the previous year. Chipotle opened 47 new restaurants in the quarter, 43 of which featured the popular Chipotlane. Additionally, the company repurchased $25 million of its stock during the quarter and has significant remaining authorization for further buybacks.