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Chipotle Mexican Grill Inc (CMG) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Chipotle Mexican Grill Inc

CIK: 1058090 Ticker: CMG

 

Exhibit 99.1

Picture 3

PRESS RELEASE

Investor Relations:

Mark Alexee

303-605-1042

Chipotle Mexican Grill, Inc. Announces Fourth Quarter and Full Year 2015 Results;  

CDC Investigation Over; Chipotle Welcomes Customers Back to Restaurants

 

Denver, Colorado  – (Business Wire)  – February 2, 2016  – Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and full year ended December 31, 2015.

Highlights for the fourth quarter of 2015 as compared to the fourth quarter of 2014 include:

·

Revenue decreased 6.8% to $997.5 million

·

Comparable restaurant sales decreased 14.6%

·

Restaurant level operating margin was 19.6%, a decrease of 700 basis points

·

Net income was $67.9 million, a decrease of 44.0%

·

Diluted earnings per share was $2.17, a decrease of 43.5%

·

Opened 79 new restaurants

Highlights for the twelve months ended December 31, 2015 as compared to the prior year include:

·

Revenue increased 9.6% to $4.5 billion

·

Comparable restaurant sales increased 0.2%

·

Restaurant level operating margin was 26.1%, a decrease of 110 basis points

·

Net income was $475.6 million, an increase of 6.8%

·

Diluted earnings per share was $15.10, an increase of 6.9%

·

Opened 229 new restaurants

“The fourth quarter of 2015 was the most challenging period in Chipotle’s history, but the Centers for Disease Control and Prevention has now concluded its investigation into the recent E. coli incidents associated with Chipotle. We are pleased to have this behind us and can place our full energies to implementing our enhanced food safety plan that will establish Chipotle as an industry leader in food safety. We are extremely focused on executing this program, which designs layers of redundancy and enhanced safety measures to reduce the food safety risk to a level as near to zero as is possible. By adding these programs to an already strong and proven food culture, we strongly believe that we can establish Chipotle as a leader in food safety just as we have become a leader in our quest for the very best ingredients we can find,” said Steve Ells, founder, chairman and co-CEO of Chipotle.

Fourth quarter 2015 results

Revenue for the quarter was $997.5 million, a 6.8% decrease compared to the fourth quarter of 2014. The decrease was due primarily to a 14.6% decrease in comparable restaurant sales.  The decrease in comparable restaurant sales was due to publicity during the

 


The following information was filed by Chipotle Mexican Grill Inc (CMG) on Tuesday, February 2, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheet
Consolidated Balance Sheet (parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Income And Comprehensive Income
Consolidated Statement Of Income And Comprehensive Income (parenthetical)
Consolidated Statement Of Shareholders' Equity
Consolidated Statement Of Shareholders' Equity (parenthetical)
Commitments And Contingencies
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (estimated Useful Lives Of Leasehold Improvements, Property And Equipment) (details)
Description Of Business And Summary Of Significant Accounting Policies (narrative) (details)
Description Of Business And Summary Of Significant Accounting Policies (policy)
Description Of Business And Summary Of Significant Accounting Policies (tables)
Earnings Per Share
Earnings Per Share (basic And Diluted Earnings) (details)
Earnings Per Share (stock Awards Excluded From Calculation Of Diluted Eps) (details)
Earnings Per Share (tables)
Employee Benefit Plans
Employee Benefit Plans (narrative) (details)
Employee Benefit Plans (tables)
Employee Benefit Plans (unrealized Gain Loss On Investments) (details)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Components Of Provision For Income Taxes) (details)
Income Taxes (schedule Of Deferred Income Tax Liabilities And Assets) (details)
Income Taxes (schedule Of Effective Tax Rate) (details)
Income Taxes (schedule Of Unrecognized Tax Benefit) (details)
Income Taxes (tables)
Investments
Investments (narrative) (details)
Leases
Leases (narrative) (details)
Leases (schedule Of Future Minimum Lease Payments Under Operating Leases) (details)
Leases (schedule Of Rental Expense) (details)
Leases (tables)
Quarterly Financial Data
Quarterly Financial Data (summary Of Quarterly Financial Data) (details)
Quarterly Financial Data (tables)
Shareholders' Equity
Shareholders' Equity (narrative) (details)
Stock Based Compensation (schedule Of Assumptions To Value Sosar Awards Granted) (details)
Stock Based Compensation (summary Of Non-vested Stock Award Activity Under Incentive Plan) (details)
Stock Based Compensation (summary Of Option And Sosar Activity Under Incentive Plan) (details)
Stock Based Compensation (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (stock-based Compensation Expense) (details)
Supplemental Financial Information
Supplemental Financial Information (schedule Of Accrued Liabilities) (details)
Supplemental Financial Information (schedule Of Leasehold Improvements, Property And Equipment) (details)
Supplemental Financial Information (tables)
Ticker: CMG
CIK: 1058090
Form Type: 10-K Annual Report
Accession Number: 0001058090-16-000058
Submitted to the SEC: Thu Feb 04 2016 8:00:11 PM EST
Accepted by the SEC: Fri Feb 05 2016
Period: Thursday, December 31, 2015
Industry: Retail Eating Places

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