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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:
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Revenue decreased 6.8% to $997.5 million |
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Comparable restaurant sales decreased 14.6% |
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Restaurant level operating margin was 19.6%, a decrease of 700 basis points |
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Net income was $67.9 million, a decrease of 44.0% |
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Diluted earnings per share was $2.17, a decrease of 43.5% |
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Opened 79 new restaurants |
Highlights for the twelve months ended December 31, 2015 as compared to the prior year include:
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Revenue increased 9.6% to $4.5 billion |
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Comparable restaurant sales increased 0.2% |
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Restaurant level operating margin was 26.1%, a decrease of 110 basis points |
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Net income was $475.6 million, an increase of 6.8% |
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Diluted earnings per share was $15.10, an increase of 6.9% |
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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
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Chipotle Mexican Grill Inc.
Chipotle Mexican Grill Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Chipotle Mexican Grill Inc provided additional information to their SEC Filing as exhibits
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