$CMG (Chipotle Mexican Grill, Inc.)

$CMG {{ '2016-07-21T20:38:23+0000' | timeago}} • Announcement

$CMG expects to open 220-235 new restaurants in 2016. The company projects an effective full year tax rate of about 38.6%. Following the sickness outbreaks, including E.coli and norovirus, $CMG is focused on restoring customer trust and re-establishing customer frequency and rewarding them through Chiptopia, co-CEO Steve Ells said.

$CMG {{ '2017-05-26T19:56:37+0000' | timeago}} • Announcement

$CMG said the investigation regarding its payment card security incident identified the use of malware designed to access payment card data from cards used on POS devices at certain Chipotle and Pizzeria Locale restaurants. $CMG removed the malware and is working to improve security measures but asked users to be vigilant against possible fraud.

$CMG {{ '2017-05-11T15:14:15+0000' | timeago}} • Announcement

$CMG hired Scott Boatwright as Chief Restaurant Officer. In this role Boatwright will work with the company’s senior restaurant leadership team to oversee restaurant operations for company's nearly 2,300 North American restaurants. Boatwright joins $CMG effective May 30, 2017.

$CMG {{ '2017-05-11T15:12:03+0000' | timeago}} • Announcement

$CMG appointed Scott Boatwright as chief restaurant officer, a position where he will work with its senior restaurant leadership team to oversee restaurant operations. Boatwright comes to $CMG from Arby’s Restaurant Group, where he served as SVP of operations. He joins $CMG effective May 30.

$CMG {{ '2017-04-25T21:43:45+0000' | timeago}} • Webcast

$CMG stated that on the 5% price increase in certain markets, the company is expecting about a 25% resistance in both transaction and average check. Additionally on Westcoast trends, $CMG added that it is still lagging, but the Midwest and Rocky Mountain continue to outperform the company as a whole.

$CMG {{ '2017-04-25T21:23:25+0000' | timeago}} • Webcast

$CMG said that on the road map for digital orders for the rest of 2017, the company recently made some improvements on the web and mobile site to allow customers to customize their meals. $CMG also is expanding the network of delivery providers it has and is seeing good growth in that channel.

$CMG {{ '2017-04-25T20:34:44+0000' | timeago}} • Announcement

For FY17, $CMG sees comparable restaurant sales rising in the high-single digits, with 195 to 210 new restaurant openings. The full-year tax rate is estimated at 39%. At 1Q17 end, total restaurant count for Chipotle was 2,291.

$CMG {{ '2017-04-25T20:31:24+0000' | timeago}} • Announcement

In 1Q17, $CMG saw a 28.1% jump in revenue to $1.07Bil, with comparable restaurant sales soaring 17.8% and restaurant-level operating margin rising to 17.7% from 6.8%. Net income was $46.1MM, improved from last year's net loss of $26.4MM. Diluted EPS was $1.60 vs. diluted net loss per share of $0.88, helped by 57 new restaurants this quarter.

$CMG {{ '2017-04-25T20:29:56+0000' | timeago}} • Infographic

$CMG Chipotle Mexican Grill, Inc. Earnings AlphaGraphics: Q1 2017 highlights

$CMG {{ '2017-02-21T14:38:10+0000' | timeago}} • Announcement

$CMG completed the rollout of its "Smarter Pickup Times" technology to all its restaurants that offer digital ordering. The advanced technology allows customers who order digitally to benefit from shorter and more accurate pickup times and the ability to reserve a future pickup time.

$CMG {{ '2017-02-02T22:37:59+0000' | timeago}} • Webcast

$CMG believes with the right execution it has the potential to deliver a 20% margin run rate. If the company is able to achieve positive comps through 2017 and 2018, this margin has upward potential. $CMG estimates that if it can return to the $2.5MM sales level, it can regain margins up to 26-27% or higher.

$CMG {{ '2017-02-02T22:20:13+0000' | timeago}} • Webcast

$CMG reported restaurant level operating margin of 13.5% in 4Q16. Food costs were 35.3% of revenue, which was impacted by elevated avocado prices during October and November which added about 40BP versus 3Q16. Assuming no significant change in expected food inflation, $CMG expects full-year 2017 food costs to be in the low 34% range.

$CMG {{ '2017-02-02T22:12:58+0000' | timeago}} • Webcast

$CMG opened 72 new restaurants during 4Q16, bringing the total restaurant count to 2,250. The company opened 240 new restaurants during full year 2016, net of 3 relocations or closures, bringing the total restaurant count to 2,250.

$CMG {{ '2017-02-02T21:33:37+0000' | timeago}} • Announcement

$CMG expects 2017 comparable restaurant sales to increase in the high-single digits and to open 195-210 new restaurants. An estimated effective full year tax rate to be 39-39.5%, which will be impacted by volatility due to a recently issued accounting standard related to taxes associated with stock-based compensation awards.

$CMG {{ '2017-02-02T21:30:10+0000' | timeago}} • Announcement

$CMG reported a drop in 4Q16 earnings due to increased marketing and promotional spend, sales deleveraging and higher food costs. Net income fell to $15.98MM or $0.55 per share from $67.87MM or $2.17 per share last year. Revenue grew to $1.03Bil from $997.5MM, on new restaurant openings. Comparable restaurant sales fell 4.8%.

$CMG {{ '2017-02-02T21:29:26+0000' | timeago}} • Infographic

$CMG Chipotle Mexican Grill, Inc. Earnings AlphaGraphics: Q4 2016 Highlights

$CMG {{ '2016-12-16T15:00:52+0000' | timeago}} • Announcement

$CMG named 4 new members Paul T. Cappuccio, Robin S. Hickenlooper, Ali Namvar and Matthew Paull to its BoD, effective Dec. 14, 2016, increasing the board size to 12.

$CMG {{ '2016-12-12T15:28:41+0000' | timeago}} • Announcement

$CMG said its BoD has named company Founder Steve Ells the company’s sole CEO. Mr. Ells will also remain Chairman of $CMG’s board. Monty Moran has stepped down from the co-CEO role and from his board seat effective immediately, and will retire from $CMG in 2017.

$CMG {{ '2016-10-25T21:43:03+0000' | timeago}} • Webcast

$CMG's cash and investments as of Sept. 30, 2016 was $609.8MM, while cash from operations generated was $101MM, with free cash flow of $36MM. The company added that it repurchased $70.3MM of its stock during 3Q16 at an avg. price of $409 per share.

$CMG {{ '2016-10-25T21:32:36+0000' | timeago}} • Webcast

Regionally, $CMG is seeing wide variances in its recovery progress, with comp sales in the Midwest and middle regions of the country down 17% in Sept. These areas outperformed the coastal areas; Pacific Coast and the Northeast, which was down 24-25% in Sept.

$CMG {{ '2016-10-25T21:22:50+0000' | timeago}} • Webcast

$CMG said that during 3Q16, the company was successful in completing the Chiptopia Summer Rewards program, which helped $CMG bring back its loyal customers and saw increased transaction and frequency levels. The company's new restaurants have been performing at about 73% of its comp restaurant volumes, slightly lower than pre-crisis levels.

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