The text messaging method of entry is designed to work with most of the major wireless carriers in the United States, but Sponsor makes no guarantee that any particular wireless service provider will participate, and the mobile phone that is used must be capable of sending and receiving text messages. During the quarter, 26 of the 40 new restaurants included a Chipotlane. The fast-casual restaurant had a challenging 2020 and is hoping for a less eventful 2021. In fact, Chipotle CEO Brian Niccol is so pleased with the new product that he touted its performance as outstanding and the chains most popular protein to date. He even went as far as to give pollo asado the credit for Chipotle exceeding revenue expectations in the second fiscal earnings quarter of 2022. Maybe that was bad timing to roll out a flashy new menu itemit could have come across as a desperate ploy to lure back skittish customers. Restaurant operating costs (exclusive of depreciation and amortization shown separately below): Impairment, closure costs, and asset disposals. Entrants should consult their wireless service providers pricing plan for details. CHIPOTLE MEXICAN GRILL, INC.RECONCILIATION OF NON-GAAP FINANCIAL MEASURES. Sponsor makes no warranties, and hereby disclaims any and all warranties, express or implied, concerning any prize furnished in connection with the Sweepstakes. Beyond the investments made in our people, restaurants, and supply chain, we are closely following the recommendations of the CDC and local health departments. Chipotle Order Now DELIVERY AND PICK-UP AVAILABLE Order Chipotle with the click of a button? No cash alternative or substitution of prizes will be allowed, except Sponsor reserves the right in its sole discretion to substitute prize(s) of comparable value if any prize listed is unavailable, in whole or in part, for any reason. CHIPOTLE NYE 2020 SWEEPSTAKES OFFICIAL RULES NO PURCHASE NECESSARY TO ENTER OR WIN A PRIZE IN THIS SWEEPSTAKES. This may be due in part to the fact that this isnt the first time that Chipotle has tried adding something sweet to its food offerings. GOVERNING LAW/JURISDICTION: ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, INTERPRETATION AND ENFORCEABILITY OF THESE OFFICIAL RULES OR THE RIGHTS AND OBLIGATIONS OF ENTRANTS OR SPONSOR IN CONNECTION WITH THE SWEEPSTAKES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF COLORADO WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OF CONFLICT OF LAW RULES OR PROVISIONS THAT WOULD CAUSE THE APPLICATION OF ANY OTHER STATES LAWS. It turns out that Chipotle has dabbled in dessertthough only internally. As they dry, they shrink and some may drop through the grates, so double the racks. Except as otherwise contemplated in these Official Rules, and to the extent entrants may otherwise elect at the time of entry, personal information collected by Sponsor in connection with the Sweepstakes will be used in accordance with Sponsors privacy policy located at https://www.chipotle.com/about-us/privacy-policy. (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. underlying food and beverage sales per restaurant. More information will be available in our Annual Report on Form 10-K, which we expect to file with the SEC by February 11, 2022. Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about our goals for number of Chipotle restaurants, restaurants with Chipotlanes and rate of expansion, first quarter 2022 comparable restaurant sales, estimated tax rates, future cash flow, and future long-term prospects. Chipotle Guacamole (Copycat) made with the authentic Chipotle recipe including lime juice, cilantro, red onions and jalapeos takes guacamole to a new level at home in 15 minutes! Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. Chipotle has already definitively decided to add dessert to its menu. Each prize consists of one (1) Burrito Code. These formats continue to perform very well and are helping enhance guest access and convenience, as well as increase new restaurant sales, margins, and returns. Food, beverage and packaging costs in the first quarter were 30.0% of revenue, a decrease of 280 basis points compared to the first quarter of 2020. First quarter highlights, year over year: 1Adjusted net income and adjusted diluted earnings per share are non-GAAP financial measures. In 2021, the brand even ran sustainability-focused ads on the Super Bowl - the most-watched sports event in the USA. Inclusion in such drawing shall be each entrants sole and exclusive remedy under such circumstances. Our financial strength gives us the opportunity to make on-going strategic investments in our people, business, and communities, which we believe will benefit us for years to come. Use our app or website for takeaway or Deliveroo for delivery. The dish is called buuelos, and they're bite-size squares of flour tortillas that are fried and dusted with cinnamon and. As of today, Chipotle has begun testing its newest menu itema dessert! We opened 40 new restaurants during the first quarter and closed five restaurants, bringing the total restaurant count to 2,803. These decreases were partially offset by costs associated with cauliflower rice and fewer sales of high margin beverages. Buuelos? That doesnt mean that it wont make further appearances eventually, but quesadillas (which were introduced at the same time as the milkshake) evidently took priority, joining the nationwide menu in 2021. Smoke for 24-48 hours, until very dry. 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. You will receive a text from us shortly asking you to confirm your mobile number. A couple of items have been trialed in this category over the past few years, however, we arent ready to push anything through the official stage gate process yet, detailed Brandt via CNN. 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 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. Sorry to see you go. It's the first meat alternative the brand has offered since tofu Sofritos hit the menu in 2014. Popular fast-casual Mexican food chain Chipotle is currently super focused on luring in new customers as of late. The decrease was largely driven by leverage from menu price increases, which was partially offset by higher freight and beef costs. 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; Net income for the fourth quarter of 2021 was $133.5 million, or $4.69 per diluted share, a decrease from $191.0 million, or $6.69 per diluted share, which included an income tax benefit of $3.77 per diluted share, in the fourth quarter of 2020. In Chipotle's mind, dessert would be another perfect opportunity for customers to spend a little more each time they visit. Adjusted General and Administrative Expenses, Stock-based compensation modification expense(3), Adjusted general and administrative expenses. Growth and innovation have been on the rise for the company. 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, amortization shown separately below): Impairment, closure costs, and asset disposals. Entries made by any other individual or any entity, and/or originating at any other wireless number, including but not limited to commercial sweepstakes subscription notification and/or entering service sites, will be declared invalid and disqualified for this Sweepstakes. Fourth quarter highlights, year over year: Full year 2021 highlights, year over year: "2021 was an outstanding year for Chipotle, highlighting the strength and resiliency of our brand. The adjusted effective income tax rate is the effective income tax rate adjusted to reflect the after tax impact of non-GAAP adjustments. Entry must be made by the entrant, only via text message. Weighted-average common shares outstanding: Prepaid expenses and other current assets, Leasehold improvements, property and equipment, net, Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of December 31, 2021 and 2020, respectively, Common stock, $0.01 par value, 230,000 shares authorized, 37,132 and 36,704 shares issued as of December 31, 2021 and 2020, respectively, Treasury stock, at cost, 9,052 and 8,703 common shares as of December 31, 2021 and 2020, respectively, Total liabilities and shareholders' equity. The chain's sales were up by 34% in 2021, compared to 2019 , making Chipotle the tenth-largest restaurant chain in the U.S. Browse all Chipotle Mexican Grill restaurants in New York, NY to enjoy responsibly sourced and freshly prepared burritos, burrito bowls, salads, and tacos. For 2021, management is anticipating the following: Thefollowing definitions apply to these terms as used throughout this release: Chipotlewill host a conference call to discuss first quarter 2021 financial results on Wednesday, April 21, 2021, at 4:30 PM Eastern time. "Average restaurant sales, excluding An archived webcast will be available approximately one hour after the end of the call. The speed at which Chipotle employees can assemble and ring up a burrito the size of a three-month-old is awe-inspiring, and even when some menu items miss the mark, it tends to be more technical error than anything else (such as the overly steamed cauliflower rice or the chewy smoked brisket, both of which had great flavor despite their other flaws). 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: 5215022. CHIPOTLE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS, FY21 TOTAL REVENUE INCREASED 26.1% YEAR-OVER-YEAR TO $7.5 BILLION, TOTAL NORTH AMERICAN OPPORTUNITY EXPANDED TO 7,000 RESTAURANTS WITH ANNUAL UNIT GROWTH OF 8% TO 10%, For further information: PR, Laurie Schalow, (949) 524-4035, MediaRelations@chipotle.com; IR, Ashish Kohli, CFA, (949) 524-4132, Akohli@chipotle.com. The thing is, however, it has no idea what that dessert will be. | Published 9 months ago. Per serving, Chipotle chips contain 540 calories, the total carbohydrate stands at 73 grams, 25 grams of fat, and 390 grams of sodium. Sponsor assumes no responsibility for any damage to an entrants, or any other persons, computer system which is occasioned by participating in the Sweepstakes or otherwise participating in the Sweepstakes, or for any computer system, phone line, hardware, software or program malfunctions, or other errors, failures, delayed computer transmissions or network connections that are human or technical in nature. Collectively, these efforts give our employees and guests confidence that Chipotle remains steadfast in our commitment to keep them safe as we continue to increase capacity for in-restaurant dining. For more information on JAMS and/or the rules of JAMS, visit their website at www.jamsadr.com. SOLD FEB 13, 2023. NEWPORT BEACH, Calif., April 21, 2021 /PRNewswire/ --Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2021. 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). But, they do offer a large variety of delicious goodies that you can put on top or inside of those five itemschicken, pork, barbacoa, steak, carne asada, tofu-based sofritas, and vegetables. Now, Chipotle is pivoting its attention toward bolstering its menu. Prizes pictured in point-of-sale, online, television and print advertising, promotional packaging, and other Sweepstakes materials are for illustrative purposes only. 2020, respectively, Total liabilities and shareholders' equity, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. Chipotle Coupon Codes This trend intensified through January 2022, which also included challenging weather across the country. Treasury stock, at cost, 8,777 and 8,703 common shares as of March 31, 2021 and December 31, Purchases of leasehold improvements, property, and equipment accrued in accounts payable and, (1) Beginning in Q3 2020, we revised the definition of average restaurant sales to exclude delivery service revenues (refer to Definitions section above). Constantine Spyrou. $570,000 Last Sold Price. The increase in the tax rate was primarily due to the tax benefit booked last year for the 2020 federal net operating loss generated and carried back to prior years, as well as the proportionality of the excess tax benefits from equity vesting and exercises relative to profit before tax in each respective year. Recently the restaurant started accepting cryptocurrency at all of its locations based in the United States. Results for the three months ended December 31, 2021: Total revenue in the fourth quarter was $2.0 billion, an increase of 22.0% compared to the fourth quarter of 2020. Mostly reusable and recyclable packaging. recommending (among other things) drive-thru lanes and a breakfast menu, flopped after being introduced regionally in 2017. For the year ended December 31, 2020, stock-based compensation consists of a March 2020 modification associated with the departure of our former Executive Chairman primarily related to his 2017 agreement, and costs of a COVID-19 related modification made in December 2020 to our 2018 performance shares. Cook on both sides for 4-5 minutes or until golden brown. Chipotle declined on both counts. 3. The tax benefit is due to the federal income tax rate differential between the 2021 and 2020 rate of 21% and the 2015-2017 rate of 35%. 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. (3) Asset impairment charges and other closure expenses for the corporate headquarter relocation and office consolidation announced in May 2018. The call will be webcast live from the company's website on the investor relations page at ir.chipotle.com/events. GAAP and non-GAAP general and administrative expenses for full year 2021 also include $380.8 million of underlying general and administrative expenses,$109.5 millionof non-cash stock compensation,$24.9million related to higher bonus accruals as well as payroll taxes on equity vesting and stock option exercises, and $2.9 million related to the upcoming all-manager conference. The stage-gate process mentioned above just refers to the multi-step approach to bringing any menu item to life. 2021 and December 31, 2020, respectively, Common stock, $0.01 par value, 230,000 shares authorized, 36,936 and 36,704 shares issued as The Sponsors database clock will be the official time-keeper for this Sweepstakes. 1.) Gyro-inspired Flatbread featuring Impossible Ground Beef with chipotle hummus, tzatziki and spiced crispy chickpeas. 1. (6) For the three months ended December 31, 2021 and 2020, and year ended December 31, 2021, stock-based compensation consists of a COVID-19 related modification made in December 2020 to our 2018 performance shares. accrued liabilities, Acquisition of treasury stock accrued in accounts payable and accrued liabilities, Average restaurant sales, excluding The conference 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: 5215022. Restaurant level operating margin was 22.6%, an increase from 17.4% in 2020. Proof of text messaging the Short Code is not considered proof of delivery to or receipt by Sponsor of such entry. When you walk in, every single table is a mess; the custodians only clean at the end of the day. Use a code for up to 10% off, free guac + chips. Recently the restaurant started accepting cryptocurrency at all of its locations based in the United States. 9. change to more closely align with how management views the business and given the increase in the delivery business. They even tried out buuelos, which ironically are not Mexican at all, but Colombian. (4) Costs for recruitment, relocation costs, third party and other employee-related costs. The $43 collection sold out in less than four minutes. HOW TO ENTER: During the Sweepstakes Period, a host on the YouTube New Years Eve event live stream will announce this Sweepstakes and the a code word (the Code). The GAAP effective income tax rate for the first quarter was 20.2%, which is lower than our expected effective income tax rate for the full year 2021, primarily due to elevated excess tax benefits related to option exercises and equity vesting in the first quarter. 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. Pandemic spending patterns have demonstrated that we all long for comfort foods right now, and I cant think of anything much more comforting than plunking a piping-hot buuelo into a condiment cup of chocolate sauce.