Restaurant Operations - As of December 31, 2024, the company owned 3,644 Chipotle restaurants in the U.S. and 82 international locations, with three additional licensed restaurants[123]. - The company opened 304 restaurants in 2024, including 257 with a Chipotlane, and plans to open approximately 315 to 345 new restaurants in 2025[125]. - The company anticipates comparable restaurant sales growth in the low to mid-single digit range for 2025[124]. Financial Performance - Total revenue for the year ended December 31, 2024, increased by 14.6% to $11.3 billion, driven by a 7.4% increase in comparable restaurant sales[126]. - Comparable restaurant sales growth was attributed to a 5.3% increase in transactions and a 2.1% increase in average check[124]. - Digital sales accounted for 35.1% of total food and beverage revenue in 2024[124]. - Cash provided by operating activities was $2.1 billion for 2024, compared to $1.8 billion in 2023, reflecting higher net earnings[150]. - Interest and other income, net increased to $93.9 million in 2024 from $62.7 million in 2023, a growth of 49.8%[139]. Cost Management - Labor costs increased by 14.3% to $2.79 billion, remaining flat as a percentage of total revenue at 24.7%[134]. - Food, beverage, and packaging costs rose by 15.9% to $3.37 billion, representing 29.8% of total revenue[133]. - General and administrative expenses increased by 10.1% to $697.5 million, accounting for 6.2% of total revenue[137]. Taxation - Provision for income taxes rose to $476.1 million in 2024, up 21.5% from $391.8 million in 2023[140]. - The effective income tax rate decreased to 23.7% in 2024 from 24.2% in 2023, primarily due to lower nondeductible expenses[140]. Capital Expenditures and Investments - Total capital expenditures for 2024 were $593.6 million, with an expected increase to approximately $683.7 million in 2025[148]. - The average investment cost for new restaurants in 2025 is expected to be slightly higher than in 2024, with approximately $502.7 million allocated for new restaurant construction[148]. - The Cultivate Next Fund has made $63 million in investments out of an authorized $100 million, focusing on early-stage investments aligned with the company's mission[126]. Cash Flow and Financing - Cash used in investing activities decreased to $837.5 million in 2024 from $946.0 million in 2023, primarily due to a decrease in investment purchases[151]. - Cash used in financing activities increased to $1.1 billion in 2024, compared to $660.7 million in 2023, mainly due to higher stock repurchases[152]. - As of December 31, 2024, the company had a cash and marketable investments balance of $2.2 billion and $500.0 million of undrawn borrowing capacity[144][145]. - The company expects to generate positive cash flow for the foreseeable future, assuming no significant declines in comparable restaurant sales[146].

Group 1 - Chipotle Mexican Grill, Inc. (NYSE: CMG) has been held by the service for approximately 7 years, indicating a long-term investment perspective [1] - The company experienced a leadership change with the loss of its notable CEO Brian, which may have implications for its future direction [1] Group 2 - The service offers a strategy aimed at enhancing savings and retirement timelines through a blended trading and income approach, suggesting a focus on maximizing returns [1] - There is an invitation for potential clients to try the service with a money-back guarantee, emphasizing confidence in the investment strategies provided [2]

Chipotle Mexican Grill, Inc. CMG shares are down Wednesday, after the company announced a revenue miss in the fourth quarter.The company reported its quarterly results amid an exciting earnings season. Here are some key analyst takeaways.Stephens On Chipotle Mexican GrillAnalyst Jim Salera maintained an Equal-Weight rating while cutting the price target from $61 to $60.Chipotle Mexican Grill reported mixed fourth-quarter results, with same-store sales of 5.4% missing consensus of 5.7% but unit development, ...

Key TakeawaysChipotle Mexican Grill shares fell Wednesday, a day after it missed revenue and same-store sales estimates, and tried to downplay concerns about the effects of possible U.S. tariffs.The Mexican fast-casual restaurant chain's sales got a boost from the addition of 119 new locations in the quarter.Chipotle said if the tariffs are put into effect, it would impact cost of sales by 60 basis points. Shares of Chipotle Mexican Grill (CMG) slipped Wednesday, a day after the Mexican fast-casual restaura ...

Chipotle Mexican Grill, Inc. (CMG) posted fourth-quarter 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Following the results, shares of the company declined 5% in the after-hours trading session yesterday. Negative investor sentiments were witnessed as CMG announced tepid annual comparable sales growth for 2025.The company rem ...

Consumers are willing to pay higher prices at fast-casual restaurants if they get good portions, quality ingredients and value for the money, Chipotle executives said Tuesday (Feb. 4).Reporting the company’s results for the fourth quarter, executives said Chipotle’s food, beverage and packaging costs rose to 30.4% of total revenue in the fourth quarter, up from 29.7% in the same quarter a year earlier.In a Tuesday earnings release, the company attributed this increase in part to using more ingredients “as w ...

Chipotle Mexican Grill (CMG) reported $2.85 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 13.1%. EPS of $0.25 for the same period compares to $0.21 a year ago.The reported revenue represents a surprise of -0.17% over the Zacks Consensus Estimate of $2.85 billion. With the consensus EPS estimate being $0.24, the EPS surprise was +4.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Chipotle has found new sources of avocados for its guacamole over the last two years.But the chain could still take a hit if President Donald Trump adds tariffs to Mexican imports.About half of Chipotle's avocados come from Mexico, CEO Scott Boatwright said on an earnings call.Chipotle has spent years diversifying where it gets avocados for its guacamole. But it could still see a hit from tariffs on Mexican versions of the fruit. The California-based restaurant chain has found new sources of avocados in rec ...

Group 1: Earnings Performance - Chipotle Mexican Grill reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.21 per share a year ago, representing an earnings surprise of 4.17% [1] - The company posted revenues of $2.85 billion for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.17%, compared to $2.52 billion in the same quarter last year [2] - Over the last four quarters, Chipotle has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Chipotle shares have declined approximately 3.2% since the beginning of the year, while the S&P 500 has gained 1.9% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.31 for the coming quarter and $1.31 for the current fiscal year [7] - The Zacks Rank for Chipotle is currently 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6] Group 3: Industry Context - The Retail - Restaurants industry, to which Chipotle belongs, is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Boxes of avocados are seen at the Central de Abastos market in Guadalajara, Jalisco state, Mexico, on Jan. 31, 2025.Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.A day earlier, President Donald Trump paused his plans for 25% tariffs on Mexican and Canadian imports. If implemented after the one-month suspension, imports such as avocados and beef would ...