Chipotle Mexican Grill, Inc. Proposes Amendments to its Amended and Restated Certificate of Incorporation
Mar 26 15
Chipotle Mexican Grill, Inc. announced at its annual general meeting to be held on May 13, 2015, it will propose an amendment to the amended and restated certificate of incorporation, as amended, to change provisions requiring approval of certain matters by holders of not less than a two-thirds majority of outstanding common stock to allow approval of those matters by a majority of outstanding common stock.
Chipotle Mexican Grill, Inc. Appoints Stephen Gillett to the Board of Directors
Mar 13 15
The board of directors of Chipotle Mexican Grill, Inc. has appointed Stephen Gillett to the company's board of directors, effective March 12, 2015. Mr. Gillett has not been appointed to any committees of the company's board at this time. Mr. Gillett will also execute the company's standard form Indemnification Agreement for officers and directors.
Chipotle Mexican Grill, Inc. Opens Restaurant in Prairie Village Shopping Center
Mar 10 15
Chipotle Mexican Grill is now open in the Prairie Village Shopping Center, 6920 Mission Road, Suite C. It is the company's 27th area restaurant.
Chipotle Mexican Grill, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Expects New Restaurant Openings in 2015
Feb 3 15
Chipotle Mexican Grill, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, revenue was $1,069,811,000 against $844,147,000 a year ago. Income from operations was $187,872,000 against $129,104,000 a year ago. Income before income taxes was $188,757,000 against $129,494,000 a year ago. Net income was $121,234,000 against $79,622,000 a year ago. Diluted earnings per share were $3.84 against $2.53 a year ago. The growth in revenue was the result of a 16.1% increase in comparable restaurant sales and new restaurant openings.
For the year, revenue was $4,108,269,000 against $3,214,591,000 a year ago. Income from operations was $710,800,000 against $532,720,000 a year ago. Income before income taxes was $714,303,000 against $534,471,000 a year ago. Net income was $445,374,000 against $327,438,000 a year ago. Diluted earnings per share were $14.13 against $10.47 a year ago. Net cash provided by operating activities was $682,067,000 against $528,780,000 a year ago. Purchases of leasehold improvements, property and equipment were $252,590,000 against $199,926,000 a year ago. The growth in revenue was the result of a 16.8% increase in comparable restaurant sales and new restaurant openings. Capital expenditures net of landlord reimbursements totaled about $240 million in 2014.
For 2015, the company expects low to mid-single digit comparable restaurant sales increases; an estimated effective tax rate of 39.0%, which excludes federal work opportunity and R&D credits, which have not been renewed for 2015. For 2015, The company anticipates CapEx will be around $220 million, the majority of which relates to new restaurant construction.
In 2015, the company expects 190 - 205 new restaurant openings.
Chipotle Mexican Grill, Inc. to Report Q4, 2014 Results on Feb 03, 2015
Dec 22 14
Chipotle Mexican Grill, Inc. announced that they will report Q4, 2014 results at 4:00 PM, US Eastern Standard Time on Feb 03, 2015