Chipotle Mexican Grill, Inc. · NYSE:CMG

Chipotle Mexican Grill — Q4 2023 Earnings Presentation

6 slides from Chipotle Mexican Grill's earnings presentation, Feb 6, 2024

  1. Slide 1: Reconciliation of Non-GAAP Financial Measures

    CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES The following tables provide a reconciliation of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. Adjusted net income is net income excluding exp

  2. Slide 2: Adjusted Net Income and Adjusted Diluted Earnings per Share

    CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted Net Income and Adjusted Diluted Earnings per Share (in thousands, except per share amounts) (unaudited) Three months ended Year ended December 31, December 31, 2023 2022 2023 2022 Net income $ 282,086 $ 223,727 $ 1,2

  3. Slide 3: Adjusted General and Administrative Expenses

    CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted General and Administrative Expenses (in thousands) (unaudited) Three months ended Year ended December 31, December 31, 2023 2022 2023 2022 General and administrative expenses $ 169,247 $ 135,073 $ 633,584 $ 564,191 N

  4. Slide 4: Adjusted Depreciation and Amortization

    CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted Depreciation and Amortization (in thousands) (unaudited) Three months ended Year ended December 31, December 31, 2023 2022 2023 2022 Depreciation and amortization $ 85,492 $ 74,012 $ 319,394 $ 286,826 Non-GAAP adjust

  5. Slide 5: Adjusted Effective Income Tax Rate

    CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted Effective Income Tax Rate (unaudited) Three months ended Year ended December 31, December 31, 2023 2022 2023 2022 Effective income tax rate 26.2% 26.3 % 24.2 % 23.9 % Tax impact of non-GAAP adjustments(1) - (1.2) - (

  6. Slide 6: Restaurant Level Operating Margin

    CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Restaurant Level Operating Margin (in thousands) (unaudited) Three months ended December 31, Percent of Percent of 2023 total revenue 2022 total revenue Income from operations $ 363,447 14.4 % $ 296,331 13.6 % Non-GAAP Adjust

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