Chipotle Mexican Grill, Inc. · NYSE:CMG
Chipotle Mexican Grill — Q1 2025 Earnings Presentation
5 slides from Chipotle Mexican Grill's earnings presentation, Apr 23, 2025
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, 2025 2024 Net income $ 386,599 $ 359,287 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, 2025 2024 General and administrative expenses $ 172,783 $ 204,625 Non-GAAP adjustments: Legal proceedings(1) - (13,275) Stoc
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, 2025 2024 Effective income tax rate 22.9 % 22.0 % Tax impact of non-GAAP adjustments(1) (0.2) 0.1 Adjusted effective income tax rate 22.7 % 22.1 % (1
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 2025 revenue 2024 revenue Income from operations $ 479,250 16.7 % $ 441,292 16.3 % Non-GAAP Adjustmen
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