The Sweepstakes Entities shall not be responsible for incorrect or inaccurate entry information whether caused by Internet users or by any of the equipment or programming associated with or utilized in the Sweepstakes or by any technical or human error which may occur in the processing of the entries in the Sweepstakes. These adjustments are intended to provide greater transparency of underlying performance and to allow investors to evaluate our business on the same basis as our management, which uses these non-GAAP measures in evaluating the company's performance. Highlights from Chipotle's 2021 Sustainability Report Update include: People Impact 90% of restaurant management roles were internal promotions Promoted almost 19,000 team members Offered free & confidential Employee Assistance Program (EAP) services to all Chipotle Employees Achieved a Human Rights Campaign Corporate Equality Index score of 100 Let's go over three items that Chipotle is currently testing that have a shot at going national in 2021. Apple dipping sauce? As they dry, they shrink and some may drop through the grates, so double the racks. 35+ Restaurants Open On Christmas & Christmas Eve 2021; 45+ Restaurants Open Thanksgiving Day 2021; Dunkin Is Bringing Back The Pink Macchiato For Valentines Day 2022; For But then again, the pace of innovation at behemoth chains can take time. About half of the digital sales were from order ahead transactions as guests better understand the value offered by this channel, as well as the added convenience of more Chipotlanes. 4 Beds. 4. Ft. 11516 Desert Hollow Ave, Las Vegas, NV 89138. The following provides a reconciliation of non-GAAP financial measures presented in the text above to the most directly comparable financial measures calculated and presented in accordance with GAAP. During the quarter, our Board of Directors approved the investment of up to an additional $100 million, exclusive of commissions, to repurchase shares of our common stock, subject to market conditions. Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Top the chicken with the olive oil, salt, pepper, lime zest, and lime juice. 1. (2) Duplicate rent expense for the corporate headquarter relocation and office consolidation announced in May 2018 and rent expense for closed restaurants announced in June 2018. (2) In Q3 2020, we began implementing delivery menu-price increases ("MPI") to partially offset the increased cost of delivery. Chipotle is a Nahuatl word that means dried and smoked jalapeno chili pepper. (2) For the three months ended March 31, 2021, stock-based compensation consists of a modification to 2018 performance shares. Please click the link in that email to complete your subscription. accrued liabilities, Acquisition of treasury stock accrued in accounts payable and accrued liabilities, Average restaurant sales, excluding SOLD FEB 21, 2023. Contact Customer Service for additional support: https://chipotle.com/contact-us.html#report-an-issue. The repurchase authorization may be modified, suspended, or discontinued at any time. To understand Chipotles lack of sweet stuff, we must zoom back to the years 1998-2005, the era in which McDonalds was a major investor in Chipotle. Per serving, Chipotle chips contain 540 calories, the total carbohydrate stands at 73 grams, 25 grams of fat, and 390 grams of sodium. This barbacoa burrito bowl is the best throw-together meal with layers of classic Mexican flavors. Chipotle Is Testing a Plant-Based Version of Chorizo. The chain's Cauliflower Rice is made with freshly grilled, riced cauliflower and finished with cilantro, lime, and salt, which makes it anything but bland. Inclusion in such drawing shall be each entrants sole and exclusive remedy under such circumstances. Wash and dry ripe jalapenos and place on double rack. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Hopefully the test run of the Mexican Chocolate Shake didnt result in constantly broken equipment, like the McDonalds McFlurry, or well never get to experience it. A Chipotle Rewards account is required for to claim the prize. These Official Rules cannot be modified or amended in any way except in a written document issued in accordance with law by a duly authorized representative of Sponsor. You will receive a text from us shortly asking you to confirm your mobile number. The adjusted effective income tax rate is the effective income tax rate adjusted to reflect the after tax impact of non-GAAP adjustments. Chipotle declined on both counts. Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Your request to unsubscribe from all Chipotle promotional emails has been submitted. (3) Asset impairment charges and other closure expenses for the corporate headquarter relocation and office consolidation announced in May 2018. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Digital sales grew 133.9% year over year to $869.8 million and represented 50.1% of sales. Please reply to this text to complete the process. The increase in the tax rate was primarily due to the tax benefit recorded last year for the 2020 federal net operating loss generated and carried back to prior years. 2 Heading corrected from the original issuance. Food, beverage and packaging costs were 30.6% of total revenue, a decrease of 170 basis points compared to 2020. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Purchases of leasehold improvements, property and equipment, Acquisitions of equity method investments, Tax withholding on stock-based compensation awards, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net change in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at beginning of period, Cash, cash equivalents, and restricted cash at end of period, Supplemental disclosures of cash flow information, Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities, Acquisition of treasury stock accrued in accounts payable and accrued liabilities, Average restaurant sales, excluding delivery MPD(1). Had to wait another 15 for them to cook steak since it wasn't even started yet. Smoked brisket Chipotle is offering smoked. Transfer the pork to a slow cooker. Restaurant level operating margin was 20.2%, an increase from 19.5% in the fourth quarter of 2020. (1) Operating lease asset impairment charges, and other expenses for restaurants due to underperformance. With Chipotle's new online fundraising option, a restaurant fundraiser is a great choice for those wanting to set up a fundraiser with ease, impact, and real food. Why? 1Restaurant level operating margin, adjusted net income and adjusted diluted earnings per share are non-GAAP financial measures. Chipotle will host a conference call to discuss third quarter 2021 financial results on Thursday, October 21, 2021, at 4:30 PM Eastern time. PRIZES/ODDS: Twenty One Thousand (21,000) prizes are available. In the meantime, it sounds like the brand will continue to focus on what it does best: assembly-line burritos made from fresh ingredients, and charging extra for guac. (decrease). In the event an insufficient number of eligible entries are received and/or Sponsor is prevented from awarding prizes or continuing with the Sweepstakes as contemplated herein by any event beyond its control, including but not limited to fire, flood, natural or man-made epidemic of health of other means, pandemic, earthquake, explosion, labor dispute or strike, act of God or public enemy, satellite or equipment failure, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared) or any federal state or local government law, order, or regulation, public health crisis, order of any court or jurisdiction, or other cause not reasonably within Sponsors control (each a Force Majeure event or occurrence), then Sponsor reserves the right to modify, suspend, or terminate the Sweepstakes. restructuring costs of $153. on March 10, and the "beauty-inspired all-vegan entre" will be available on the . 40 retailers giving online discounts to veterans and active military for Veterans Day Veterans Day deals 2021: Military veterans get free food, coffee and other discounts Thursday 10. If a dispute as to the identity of the individual who actually submitted an entry cannot be resolved to Sponsors satisfaction, the affected entry will be deemed ineligible. For, (3) For the three months ended March 31, 2020, other adjustments consists of severance associated with the departure of our former, Do Not Sell or Share My Personal Information, California Transparency in Supply Chains Act, Privacy Policy, including California Privacy Rights, Comparable restaurant sales increased 17.2%, Digital sales grew 133.9% and accounted for 50.1% of sales, Restaurant level operating margin was 22.3%, an increase of 470 basis points, Opened 40 new restaurants and closed 5 restaurants, Given on-going uncertainty surrounding the future impact of COVID-19 on the broader US economy and any specific impact to our company, we are not providing fiscal 2021 comparable restaurant sales growth guidance, Around 200 new restaurant openings, which assumes minimal construction and permit delays related to COVID-19, An estimated effective full year tax rate between 25% and 27%. Wendys is launching a new strawberry Frosty flavor. By using our site, you agree to our use of cookies. We opened 40 new restaurants during the first quarter and closed five restaurants, bringing the total restaurant count to 2,803. The company made particular mention of possible new varieties of queso or guacamole (it will be extra of course). Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. Digital sales grew 3.8% year over year to $811.3 million and represented 41.6% of sales. Coconut CheesecakeWith passion fruit glazeMaple CheesecakeWith maple-cranberry compoteMaple-Gingerbread Layer CakeIn this delicious dessert, tender spice cake is layered with maple-sugar frostingGrand Marnier TartStrawberry Blossom TartRaspberry & ChampagneLayer CakeBittersweet Chocolate Turtle TartMini Banana Rum Fudge CakeChunky Apple .