Chipotle Q3 Earnings Highlights: Revenue Miss, EPS Beat, Store Guidance Update, 'Strong Results Led By Transaction Growth'

Restaurant stock Chipotle Mexican Grill (NYSE:CMG) reported third-quarter financial results after the market close Tuesday.

Here are the key highlights.

What Happened: Chipotle reported third-quarter revenue of $2.79 billion, up 13% year-over-year. The total missed a Street consensus estimate of $2.82 billion, according to data from Benzinga Pro.

The company reported adjusted earnings of 27 cents per share in the third quarter, beating a Street consensus estimate of 25 cents per share.

Comparable restaurant sales were up 6% in the third quarter. The comparable sales came from a mix of higher transactions and a 2.7% increase in average check, the company said.

Digital sales made up 34% of total food and beverage revenue in the third quarter.

Chipotle's operating margin was 16.9% ...