Chipotle Mexican Grill — Q1 2023 Earnings Presentation

4 slides from Chipotle Mexican Grill's earnings presentation, Apr 25, 2023

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
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 March 31, 2023 2022 Net income $ 291,644 $ 158,294 Non-GAAP adjustments: Restaurant costs: Op
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 March 31, 2023 2022 General and administrative expenses $ 148,340 $ 147,402 Non-GAAP adjustments: Restructuring expense(1) - (1,166) L
Slide 4: Restaurant Level Operating Margin
CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Restaurant Level Operating Margin (in thousands) (unaudited) Three months ended March 31, Percent of Percent of 2023 total revenue 2022 total revenue Income from operations $ 367,606 15.5 % $ 190,221 9.4 % Non-GAAP Adjustment