Chipotle Mexican Grill, Inc. · NYSE:CMG
Chipotle Mexican Grill — Q1 2024 Earnings Presentation
5 slides from Chipotle Mexican Grill's earnings presentation, Apr 24, 2024
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, 2024 2023 Net income $ 359,287 $ 291,644 Non-GAAP adjustments: Legal proceedings(1)
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, 2024 2023 General and administrative expenses $ 204,625 $ 148,340 Non-GAAP adjustments: Legal proceedings(1) (13,275) - Tota
Slide 4: Adjusted Effective Income Tax Rate
CHIPOTLE MEXICAN GRILL, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Adjusted Effective Income Tax Rate (unaudited) Three months ended March 31, 2024 2023 Effective income tax rate 22.0 % 22.5 % Tax impact of non-GAAP adjustments(1) 0.1 - Adjusted effective income tax rate 22.1 % 22.5 % (1) Ad
Slide 5: 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 total total 2024 revenue 2023 revenue Income from operations $ 441,292 16.3 % $ 367,606 15.5 % Non-GAAP Adjustmen
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