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SEC Filings

8-K
CHIPOTLE MEXICAN GRILL INC filed this Form 8-K on 10/24/2017
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Chipotle Mexican Grill, Inc.

Condensed Consolidated Statement of Income

(in thousands, except per share data)

(unaudited)







 

 

 

 

 

 

 

 

 

 

 



Three months ended September 30,



2017

 

2016

Revenue

$

1,128,074 

 

100.0 

%

 

$

1,036,982 

 

100.0 

%

Restaurant operating costs (exclusive of depreciation and amortization shown separately below):

 

 

 

 

 

 

 

 

 

 

 

Food, beverage and packaging

 

394,567 

 

35.0 

 

 

 

363,900 

 

35.1 

 

Labor

 

306,862 

 

27.2 

 

 

 

286,144 

 

27.6 

 

Occupancy

 

83,199 

 

7.4 

 

 

 

74,201 

 

7.2 

 

Other operating costs

 

162,312 

 

14.4 

 

 

 

166,045 

 

16.0 

 

General and administrative expenses

 

99,182 

 

8.8 

 

 

 

78,405 

 

7.6 

 

Depreciation and amortization

 

41,546 

 

3.7 

 

 

 

37,434 

 

3.6 

 

Pre-opening costs

 

2,792 

 

0.2 

 

 

 

4,490 

 

0.4 

 

Loss on disposal and impairment of assets

 

6,747 

 

0.6 

 

 

 

16,637 

 

1.6 

 

Total operating expenses

 

1,097,207 

 

97.3 

 

 

 

1,027,256 

 

99.1 

 

Income from operations

 

30,867 

 

2.7 

 

 

 

9,726 

 

0.9 

 

Interest and other income, net

 

1,275 

 

0.1 

 

 

 

672 

 

0.1 

 

Income before income taxes

 

32,142 

 

2.8 

 

 

 

10,398 

 

1.0 

 

Provision for income taxes

 

(12,532)

 

(1.1)

 

 

 

(2,599)

 

(0.3)

 

Net income

$

19,610 

 

1.7 

%

 

$

7,799 

 

0.8 

%

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.69 

 

 

 

 

$

0.27 

 

 

 

Diluted

$

0.69 

 

 

 

 

$

0.27 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

28,415 

 

 

 

 

 

29,063 

 

 

 

Diluted

 

28,439 

 

 

 

 

 

29,171 

 

 

 



 


 

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