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. Operating lease asset impairment and other restaurant costs(1), Operating lease asset impairment and other office closure costs(3), Stock-based compensation modification expense(5), Diluted weighted-average number of common shares outstanding. Inclusion in such drawing shall be each entrants sole and exclusive remedy under such circumstances. 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% 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. The dish is called buuelos, and they're bite-size squares of flour tortillas that are fried and dusted with cinnamon and. 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. Came back on 12-12-2021 at 6pm. This performance measure primarily includes the costs that restaurant level managers can directly control and excludes other operating costs that are essential to conduct our business. 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. First quarter comparable restaurant sales growth in the mid to high single digits range, Between 235 to 250 new restaurant openings (including 5 to 10 relocations to add a Chipotlane), which assumes construction and permit delays related to COVID-19 don't worsen, An estimated underlying effective full year tax rate between 25% and 27% before discrete items. For more information or to place an order online, visit WWW.CHIPOTLE.COM. Chipotle declined on both counts. Face. But then again, the pace of innovation at behemoth chains can take time. Use our app or website for takeaway or Deliveroo for delivery. It may come as a surprise that Chipotle only has 5 items on their regular menu. Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. 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 Average restaurant sales in all comparative A PURCHASE WILL NOT IMPROVE YOUR CHANCE OF WINNING. Restaurant operating costs (exclusive of depreciation and 10% Off Chipotle Promo Code, Coupons - March 2023 - DontPayFull.com 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. Expired Chipotle Coupons Code Free Guacamole on all Orders AVO2021 20% Off Code Featured Chipotle Coupon: 20% Off All Orders BMSM20 30% Off Code Get Up To 30% Off at chipotle.com Using This Coupon Code bmsm30 15% Off Code Chipotle Promo: 15% Off With this Code THEREVEREREPORT 25% Off Code 2 Heading corrected from the original issuance. 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. (in thousands, except per share amounts) Chipotle Coupons and Promo Codes for March. Although, it will likely be some time before customers see any new items, desserts or otherwise, pop up. Our ability to track our ingredients from supplier to restaurant at the lot code level is a powerful tool supplementing our food safety program. (3) 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. change to more closely align with how management views the business and given the increase in the delivery business. The health and well-being of our employees and guests continues to be our top priority. 1. Chipotle Is Quietly Testing Out Mini Churros | HYPEBEAST 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. We opened 78 new restaurants during the fourth quarter with 67 (or 86%) including a Chipotlane. NO PURCHASE NECESSARY TO ENTER OR WIN A PRIZE IN THIS SWEEPSTAKES. DESCRIPTION: The Chipotle NYE 2020 Sweepstakes (the Sweepstakes) begins on December 31, 2020 at approximately 4:00 pm Pacific Time (PT) the earlier of (i) December 31, 2020 at 4:15 pm PT or (ii) when all Burrito Codes (defined below) have been distributed (the Sweepstakes Period). The new location is soon opening in Ohio . 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. Steve Ells, founder and former executive chairman, first opened Chipotle with a single restaurant in Denver, Colorado in 1993. #SpoonTip: Wear tight long sleeves when making buuelos to avoid burning from frying oil. Chipotle's Dessert Menu is FINALLY Here - Spoon University 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. 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). Chipotle's revenue increased by 7.1% to $6.0 billion whereas comparable restaurant sales increased 1.8%. Text STOP to quit. These decreases were partially offset by costs associated with cauliflower rice and fewer sales of high margin beverages. Chipotle Announces Fourth Quarter and Full Year 2021 Results Ongoing. 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. 2021 and December 31, 2020, respectively, Common stock, $0.01 par value, 230,000 shares authorized, 36,936 and 36,704 shares issued as 2,193 Sq. Celebrate the 303: From Crocs to Cannabis, Colorado Has Your Number 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 of $1,485, and costs of a COVID-19 related modification made in December 2020 to our 2018 performance shares of $466. All such requests must be received within six (6) weeks after the end of the Sweepstakes Period. ELIGIBILITY: Only legal U.S. residents of the fifty (50) United States and District of Columbia who are at least thirteen (13) years of age or older at the time of entry are eligible to enter. 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. (3) Asset impairment charges and other closure expenses for the corporate headquarter relocation and office consolidation announced in May 2018. Growth and innovation have been on the rise for the company. CHIPOTLE DESSERTS RECIPES All You Need is Food Your request to unsubscribe from all Chipotle promotional emails has been submitted. Excluding the impact of PSU modifications, restaurant asset impairment and closure costs, and corporate restructuring expenses, adjusted net income was $153.1 million and adjusted diluted earnings per share was $5.36. Will a Dessert Ever Pop up on Chipotle's Menu? The repurchase authorization may be modified, suspended, or discontinued at any time. Chipotle Online Fundraising Event Ideas Buuelos? Odds of winning depend on the number of eligible entries received during the Sweepstakes Period. Yield 8 servings Prep Time 5 minutes Cook Time 0 minutes Total Time 5 minutes Course Sauce Cuisine Mexican Author Sabrina Snyder Rate Ingredients US Customary Metric On a non-GAAP basis, the 2021 fourth quarter effective income tax rate was 18.7%2. 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. Here's what a representative for Chipotle told The Takeout via email (emphasis ours): Over the past four years, we have tested a handful of dessert items, however, nothing has passed the stage-gate process for a national rollout yet. Chipotle's Recovery Has Come From Its Digital Business. Here's How More information will be available in our Quarterly Report on Form 10-Q, which will be filed with the SEC by the end of April. 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. (2) For the three months ended March 31, 2021, stock-based compensation consists of a modification to 2018 performance shares. Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. 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. For the three months ended March 31, 2020, stock-based compensation consists of stock modification charges associated with the departure of our former Executive Chairman primarily related to his 2017 agreement. These Disney Snacks Are for Adventurous Eaters ONLY But as recently as 2019, Chipotles CFO reiterated that the brand was not interested in serving breakfast. For the year ended December 31, 2021, other adjustments consist of asset impairment charges for equipment related to a discontinued restaurant initiative and certain corporate equipment of $850 and consulting fees associated with the calculation of our non-recurring tax benefit of $47. In 2021, Chipotle Mexican Grill achieved its goals for filling manager positions with internal promotions; tracking spending with minority-owned suppliers; and maintaining racial and gender pay. Like the rest of us, Chipotle kicked off 2021 with a health-forward mindset. Cut flour tortillas into triangles 2.) The GAAP effective income tax rate was 19.7% in 2021, compared to negative 21.1% in 2020. Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. 6. Executive Chairman primarily related to his 2017 agreement. 2. Even without dessert or other new add-ons, Chipotle's sales are growing. 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.