of March 31, 2021 and December 31, 2020, respectively, Treasury stock, at cost, 8,777 and 8,703 common shares as of March 31, 2021 and December 31, CHIPOTLE MEXICAN GRILL, INC.RECONCILIATION OF NON-GAAP FINANCIAL MEASURES. The company made particular mention of possible new varieties of queso or guacamole (it will be extra of course). Shares of Chipotle climbed nearly 1% to $1,523.05 in Tuesday's session, though the stock was down more than 3% in after-hours trading. Season the pork roast with the salt and pepper. During the quarter, our Board of Directors approved the investment of up to an additional $200.0 million, exclusive of commissions, to repurchase shares of our common stock, subject to market conditions. 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. The Chipotle restaurant understands that and has, in this way, presented some well-renowned dessert dishes. (6) For the three months ended March 31, 2020, other adjustments consists of severance associated with the departure of our former Executive Chairman primarily related to his 2017 agreement. The Sponsors database clock will be the official time-keeper for this Sweepstakes. PRIZES/ODDS: Twenty One Thousand (21,000) prizes are available. The fast-casual restaurant had a challenging 2020 and is hoping for a less eventful 2021. TELL ME BEST connects users to the best things in life by delivering product information, reviews, and news. We use words such as "anticipate", "believe", "could", "should", "may", "approximately", "estimate", "expect", "potential", "intend", "project", "target", and similar terms and phrases, including references to assumptions, to identify forward-looking statements. Save $4 On Items at Select Locations w/ Coupon. No cash alternative or substitution of the prize will be allowed, except Sponsor reserves the right in its sole discretion to substitute a prize of comparable value if any prize listed is unavailable, in whole or in part, for any reason. Text HELP for help. Rub and turn to coat. All entries must be received by the end of the Sweepstakes Period in order to participate. And of the 200 or so stores it expects to bring to market across all of 2021, roughly 70 percent will feature the window. Yield 6 servings Prep Time 10 minutes Cook Time 15 minutes Total Time 25 minutes Course Side Cuisine Mexican Author Sabrina Snyder Rate Ingredients US Customary Metric Executive Chairman primarily related to his 2017 agreement. Recipe via a Mexican chica who's been making them longer than Chipotle. Comparable restaurant sales were fairly consistent in each month of the fourth quarter due to a combination of factors including healthy demand for Smoked Brisket, strength in digital sales, and the benefit of menu price increases. Comparable restaurant sales began to moderate in the back half of December as the number of Omicron cases spiked. During the event, which will be held at the Baskin-Robbins located at 1225 1st Ave., New York, you can visit the shop to get free unlimited scoops of Chick'n & Waffles ice cream in a limited-edition Chick'n & Waffles cup . Growth and innovation have been on the rise for the company. Oct 7, 2021 Hey Chipotle fans - ever notice that there are no sweets on the menu? Chipotle will host a conference call to discuss third quarter 2021 financial results on Thursday, October 21, 2021, at 4:30 PM Eastern time. Some of these include buuelos, a flat fried fritter topped with honey, sugar, cinnamon and served with an apple dipping sauce, and a Mexican Chocolate Shake. 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. The Barista Express grinds, foams milk, and produces the silkiest espresso at the perfect temperature. We had a total of 355 Chipotlanes as of year-end. Please reply to this text to complete the process. Theconference call can be accessed live over the phone by dialing 1-888-317-6003 or for international callers by dialing 1-412-317-6061 and use code: 7541344. By Daniels / October 18, 2020 January 8, 2021. . 1.) We also have access to a recently refinanced $500 million untapped credit facility with which to continue to navigate this crisis. As they dry, they shrink and some may drop through the grates, so double the racks. Constantine Spyrou. 1-16; (iii) the arbitration shall be held in Newport Beach, California; (iv) the arbitrators decision shall be controlled by the terms and conditions of these Official Rules and any of the other agreements referenced herein that the applicable entrant may have entered into in connection with the Sweepstakes; (v) the arbitrator shall apply Colorado law consistent with the FAA and applicable statutes of limitations, and shall honor claims of privilege recognized at law; (vi) there shall be no authority for any claims to be arbitrated on a class or representative basis, arbitration can decide only entrants and/or Sponsors individual claims; the arbitrator may not consolidate or join the claims of other persons or parties who may be similarly situated; (vii) the arbitrator shall not have the power to award punitive damages against the entrant or Sponsor; (viii) if the entrant is able to demonstrate that the costs of arbitration will be prohibitive as compared to the costs of litigation, Sponsor will pay as much of entrants filing and hearing fees in connection with the arbitration as the arbitrator deems necessary to prevent the arbitration from being cost-prohibitive; and (ix) with the exception of subpart (vi) above, if any part of this arbitration provision is deemed to be invalid, unenforceable or illegal, or otherwise conflicts with the rules of JAMS, then the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if the invalid, unenforceable, illegal or conflicting provision were not contained herein. 2Non-GAAP general and administrative expenses and non-GAAP effective income tax rate are non-GAAP measures. However, despite its past failures, the company remains committed to finding that perfect sweet treat to suit its menus. The food is good, but.some of the employees can be a little grumpy sometimes. (5) Charges relate to estimated settlements for distinct legal matters that exceeded or are expected to exceed typical costs for these types of legal proceedings. Although, unlike Wendys, not all of it has been positive. Management uses restaurant level operating margin as a measure of restaurant performance. Beyond the investments made in our people, restaurants, and supply chain, we are closely following the recommendations of the CDC and local health departments and have implemented social distancing, wearing face masks, a tamper evident packaging seal for all digital orders, as well as creating the steward role to sanitize high-traffic areas. But as recently as 2019, Chipotles CFO reiterated that the brand was not interested in serving breakfast. Learn more in our Privacy Policy. Ft. 6770 Sweet Bay St Lot 17, Las Vegas, NV 89166. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements, including but not limited to: the ongoing adverse effect of the novel coronavirus (COVID-19) pandemic on our guest traffic, restaurant sales and operating costs as a result of actions we have taken in response to the coronavirus, including closing some restaurants, ending dine in service at some restaurants while continuing to offer only takeout and/or delivery, modifying work hours at some restaurants, extending enhanced benefits to employees working during and/or impacted by the coronavirus, increasing compensation for restaurant employees, purchasing masks, gloves and additional sanitation supplies and services and delaying the construction of new restaurant openings; risks that the impact of the coronavirus pandemic will continue for a long duration and may require a more drastic response, such as closing all or most restaurants; risks of food safety and food-borne illnesses and other health concerns about our food; risks associated with our reliance on certain information technology systems and potential failures or interruptions; privacy and cyber security risks related to our acceptance of electronic payments or electronic processing of confidential customer or employee information; the impact of competition, including from sources outside the restaurant industry; the increasingly competitive labor market and our ability to attract and retain qualified employees; the impact of federal, state or local government regulations relating to our employees, employment practices, restaurant design and construction, and the sale of food or alcoholic beverages; our ability to achieve our planned growth, such as the availability of suitable new restaurant sites; increases in ingredient and other operating costs due to our Food With Integrity philosophy, tariffs or trade restrictions and supply shortages; the uncertainty of our ability to achieve expected levels of comparable restaurant sales due to factors such as changes in consumers' perceptions of our brand, including as a result of actual or rumored food safety concerns or other negative publicity, decreased overall consumer spending (including but not limited to the increase in unemployment caused by the coronavirus pandemic), or the inability to increase menu prices or realize the benefits of menu price increases; risks associated with our increased focus on our digital business, including risks arising from our reliance on third party delivery services, which are heightened during the pendency of government restrictions on dine in restaurant services as a result of the coronavirus pandemic; risks relating to litigation, including possible governmental actions related to food safety incidents and potential class action litigation regarding employment laws, advertising claims or other matters; and other risk factors described from time to time in our SEC reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q, all of which are available on the investor relations page of our website at ir.Chipotle.com. All details and other restrictions of the prize not specified in these Official Rules will be determined by Sponsor in its sole discretion. 2,193 Sq. You've taken the first step in subscribing to the Chipotle email list. If a winner does not have a Chipotle Rewards, the winner can create a free account at the time the prize is claimed. Chipotle Coupons and Promo Codes for March. We also have access to a $500 million untapped credit facility. Chipotle ( CMG -0.90%) had a difficult year in 2020, to say the least. Use a code for up to 10% off, free guac + chips. "Average restaurant sales, excluding, Operating lease asset impairment and other restaurant costs, Operating lease asset impairment and other office closure costs, Stock-based compensation modification expense, (1) For the three months ended March 31, 2021, transformation expenses include duplicate rent expense for office and restaurant, (2) For the three months ended March 31, 2021, stock-based compensation consists of a modification to 2018 performance shares. "Average restaurant sales, excluding Sponsor reserves the right in its sole discretion to disqualify any individual who is found to be tampering with the entry process or the operation of the Sweepstakes, to be acting in violation of these Official Rules, or to be acting in an unsportsman-like or disruptive manner, or with the intent to disrupt or undermine the legitimate operation of the Sweepstakes, or to annoy, abuse, threaten or harass any other person, and Sponsor reserves the right to seek damages and other remedies from any such person to the fullest extent permitted by law.
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