Chipotle said total revenue for Q4 2023 rose 15.4% year over year to $2.5 billion. The company said comparable restaurant sales increased 8.4%, driven by a 7.4% increase in transactions and a 1.0% increase in average check.

1. 01

   Chipotle said total revenue for Q4 2023 rose 15.4% year over year to $2.5 billion. The company said comparable restaurant sales increased 8.4%, driven by a 7.4% increase in transactions and a 1.0% increase in average check.

2. 02

   The company said net income for 2023 was $1.23 billion, and diluted earnings per share were $44.34, up from 2022 $899.1 million and $32.04 respectively. Adjusted diluted earnings per share, which excludes certain items, was $44.86.

3. 03

   Chipotle reported that net cash provided by operating activities for 2023 was $1,783,477 thousand, and it used $592,349 thousand of cash to acquire treasury stock. The company said it repurchased $589.8 million of stock during 2023 at an average price of $1,827.46 per share.

4. 04

   Chipotle said its Board of Directors approved on February 6, 2024 an additional repurchase of common stock with a total aggregate purchase price of $200 million, exclusive of commissions. The authorization is in addition to previously announced repurchase authorizations, and the program may be modified, suspended or discontinued at any time.

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Original filing

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