The company said total revenue for Q4 2024 rose 13.1% to $2.8 billion, and comparable restaurant sales increased 5.4%. It attributed the comparable sales increase to a 4.0% rise in transactions and a 1.4% increase in average check.

1. 01

   The company said total revenue for Q4 2024 rose 13.1% to $2.8 billion, and comparable restaurant sales increased 5.4%. It attributed the comparable sales increase to a 4.0% rise in transactions and a 1.4% increase in average check.

2. 02

   Chipotle Mexican Grill said full-year net income for 2024 was $1.53 billion ($1.11 per diluted share), compared with $1.23 billion ($0.89 per diluted share) in 2023. The company said its full-year operating margin was 16.9%, compared with 15.8% in 2023.

3. 03

   The company said food, beverage and packaging costs were 30.4% of total revenue for Q4 2024 (29.7% a year earlier), labor costs were 25.2% (25.0% a year earlier), and restaurant level operating margin was 24.8% (25.4% a year earlier). It cited higher usage of ingredients and a shift in protein mix as factors in the increase in food costs.

4. 04

   Chipotle Mexican Grill said it repurchased $995.8 million of stock in 2024 at an average price of $57.21 per share. The company also disclosed that its Board of Directors approved an additional share repurchase authorization with a total purchase price of $300 million, exclusive of commissions, on February 4, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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