Chipotle Mexican Grill, Inc. · NYSE:CMG
Chipotle Mexican Grill — Q2 2023 Earnings Presentation
5 slides from Chipotle Mexican Grill's earnings presentation, Jul 26, 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 June 30, 2023 2022 Net income $ 341,790 $ 259,942 Non-GAAP adjustments: Impairment and exit c
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 June 30, 2023 2022 General and administrative expenses $ 156,496 $ 140,820 Non-GAAP adjustments: Restructuring expense(1) (3,495) (856
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 June 30, 2023 2022 Effective income tax rate 23.8 % 25.3 % Tax impact of non-GAAP adjustments(1) - (0.2) Adjusted effective income tax rate 23.8 % 25.1 % (1) A
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 June 30, Percent of Percent of 2023 total revenue 2022 total revenue Income from operations $ 431,810 17.2 % $ 337,598 15.3 % Non-GAAP Adjustment
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