Chipotle Mexican Grill, Inc. · NYSE:CMG
Chipotle Mexican Grill — Q2 2025 Earnings Presentation
5 slides from Chipotle Mexican Grill's earnings presentation, Jul 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 lea
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, 2025 2024 Net income $ 436,127 $ 455,671 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, 2025 2024 General and administrative expenses $ 172,151 $ 175,028 Non-GAAP adjustments: Legal proceedings(1) - (3,775) Stock-
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, 2025 2024 Effective income tax rate 24.5 % 25.0 % Tax impact of non-GAAP adjustments(1) (0.3) - Adjusted effective income tax rate 24.2 % 25.0 % (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 total total 2025 revenue 2024 revenue Income from operations $ 559,057 18.2 % $ 586,053 19.7 % Non-GAAP Adjustment
Chipotle Mexican Grill — Q2 2025 Earnings Presentation on 6ix