Chipotle Mexican Grill Inc

CMG

Equity

ISIN US1696561059 / Valor 2319653

New York Stock Exchange, Inc (2025-04-04)

USD 47.29-5.57%

Chipotle Mexican Grill Inc
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About company

Chipotle Mexican Grill Inc. is a prominent player in the fast-casual dining sector, known for its focus on serving fresh, high-quality Mexican-inspired foods such as burritos, tacos, bowls, and salads. Under the leadership of Chairman and CEO Brian Niccol since March 2018, the company has experienced significant sales growth, attributed to a combination of comparable sales increases and the opening of new restaurant locations. Niccol's strategy for the company emphasizes operational excellence, brand equity enhancement, digital access expansion, innovation, and engaging with both employees and consumers to fulfill its mission of Cultivating a Better World. The company's supply chain is managed by Vice President Carlos Londono, who oversees all aspects of procurement, logistics, and continuous improvement, ensuring the integrity and efficiency of the supply chain from farm to restaurant. Scott Boatwright, as Chief Operating Officer, is responsible for overseeing the operations of Chipotle's restaurants and enhancing the People Experience within the company. Chipotle's business model and operational strategies reflect its commitment to providing a unique dining experience while also focusing on growth and operational efficiency.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

In the fourth quarter of 2024, Chipotle Mexican Grill Inc. reported a total revenue of $2.8 billion, marking a 13.1% increase compared to the same quarter in 2023. This growth was primarily driven by new restaurant openings and a 5.4% increase in comparable restaurant sales, which was attributed to a 4.0% rise in transactions and a 1.4% increase in average check size.

Operating Margins

Chipotle's operating margin for the fourth quarter of 2024 was 14.6%, slightly up from 14.4% in the previous year. However, the restaurant-level operating margin decreased to 24.8% from 25.4% in the fourth quarter of 2023. The company attributed these changes to various factors, including increased food, beverage, and packaging costs.

Earnings Per Share

For the fourth quarter of 2024, Chipotle reported a diluted earnings per share of $0.24, representing a 20.0% increase from $0.202 in the fourth quarter of 2023. The adjusted diluted earnings per share was $0.251, a 19.0% increase from $0.211 in the same period of the previous year.

Net Income

Chipotle's net income for the fourth quarter of 2024 was $331.8 million, or $0.24 per diluted share, compared to $282.1 million, or $0.202 per diluted share, in the fourth quarter of 2023. The adjusted net income was $340.0 million, or $0.251 per adjusted diluted share, compared to $286.2 million, or $0.211 per adjusted diluted share, in the previous year.

Outlook for 2025

Looking ahead to 2025, Chipotle Mexican Grill Inc. anticipates full-year comparable restaurant sales growth in the low to mid-single-digit range. The company plans to open 315 to 345 new company-owned restaurants, with over 80% featuring a Chipotlane. Additionally, the estimated underlying effective full-year tax rate is expected to be between 25% and 27% before discrete items.

Summarized from source with an LLMView Source

Key figures

-17.2%1Y

46.8%3Y

287%5Y

Performance

31.7%1Y

31.2%3Y

32.5%5Y

Volatility