Movers: Chipotle Mexican Grill, Gartner, H&R, Illumina, Malibu Boats, Uber, Western Union, Yum Brands

Scott Peters
08 Feb, 2023
New York City

Chipotle Mexican Grill, Inc declined 4.2% to $1,650 after the company reported lower-than-expected growth in same store sales, earnings and revenue.   

Comparable store sales rose 5.6% and in-restaurant sales rose 17.5% and digital sales were 37.4% of food and beverage revenue. Opened 100 new restaurants with 90 locations including a Chipotlane.

Chipotle Mexican Grill said revenue in the fourth quarter rose 11.2% to $2.2 billion and net income jumped to $223.7 million from $133.5 million and diluted EPS rose to $8.02 from $4.69 a year ago.

Gartner Inc gained 3% to $352.89 after the information services provider reported better-than-expected earnings and revenue growth. 

Gartner Inc said revenue in the fourth quarter increased 15% to $1.5 billion and net income rose 27% to $257 million from $209 million and diluted EPS rose to $3.21 from $2.50 a year ago.

H&R Block Inc jumped 3.7% to $41.0 after the tax-preparation service provider reported earnings ahead of expectations. 

H&R Block said revenue in the December quarter increased 5% to $166 million and net loss widened to $223.5 million from $190.6 million and diluted loss per share rose to $1.37 from $1.02 a year ago.

Illumina, Inc declined 3.5% to $208.12 after the biotechnology company reported mixed quarterly results. 

Illumina said revenue in the fourth quarter fell 10% to $1.1 billion and the company swung to a net loss of $140 million from a profit of $112 million or diluted EPS was ($0.89) from $0.71 a year ago.

Malibu Boats Inc increased 1.4% to $63.38 after the company reported a rise in unit sales and better-than-anticipated earnings. 

Malibu Boats said revenue in the December quarter rose 28.4% to $338.7 million and net income increased 17.5% to $36.4 million from $31 million and diluted EPS rose to $1.72 from $1.41 a year ago.

Uber Technologies Inc rose 7.2% to $37.45 after the digital ride-hailing service provider forecasted gross booking to accelerate in the first quarter.  

Uber said revenue in the fourth quarter rose 49% to $8.6 billion and net income fell 33% to $595 million from $892 million and diluted EPS declined to 29 cents from 44 cents a year ago.

The Western Union Company increased 1.4% to $14.10 after the company reiterated its 2023 revenue to decline between 7% and 9% on higher promotions and marketing expenses. 

Western Union said revenue in the fourth quarter fell 15% to $1.1 billion and net income increased 48% to $249.4 million from $168.8 million and diluted EPS rose to 65 cents from 42 cents a year ago.

The company announced quarterly dividend of 23.5 cents per common share, payable on March 31 to shareholders of record at the close of March 17.

Yum! Brands, Inc traded 0.5% higher to $129.05 after the operator of Pizza Hut, KFC and Taco Bell chains reported a rise in income.  

Yum Brands said revenue in the fourth quarter rose 7% to $2 billion from $1.9 billion and net income rose 12% to $371 million from $330 million and diluted EPS jumped to $1.29 from $1.11 a year ago.

Same store sales at Taco Bell chain increased 11% and Pizza Hut rose 4% at U.S. locations. 

Pizza Hut global same store sales increased 1% but international same store sales declined 1% on the ongoing weakness in China.