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Chipotle Mexican Grill Inc (CMG)

CMG on New York Consolidated

340.60USD
26 Jul 2017
Change (% chg)

$-8.02 (-2.30%)
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Latest Key Developments (Source: Significant Developments)

Chipotle Mexican Grill says gets follow-up subpoena related to illness incidents - SEC filing
6:15am EDT 

July 26 (Reuters) - Chipotle Mexican Grill Inc :Chipotle Mexican Grill - received a follow-up subpoena on July 19, requesting information.Chipotle Mexican Grill says follow-up subpoena sought information related to illness incidents associated with a single Chipotle restaurant in Sterling, Virginia.Chipotle Mexican Grill says it intends to continue to fully cooperate in the investigation.Chipotle - sales trends in H2 of July 2017 have been adversely impacted by news regarding norovirus incident in co's restaurant in sterling, virginia‍​.  Full Article

Chipotle posts Q2 earnings per share $2.32
Tuesday, 25 Jul 2017 04:05pm EDT 

July 25 (Reuters) - Chipotle Mexican Grill Inc :Chipotle second quarter diluted EPS increased 167 pct on comparable restaurant sales increase of 8.1 pct and revenue growth of 17.1 pct.Q2 earnings per share $2.32.Q2 earnings per share view $2.18 -- Thomson Reuters I/B/E/S.Qtrly revenue increased 17.1 pct to $1.17 billion.Chipotle Mexican - ‍completion of a forensic investigation into previously-disclosed payment card security incident involving Chipotle restaurants​.Qtrly comparable restaurant sales increased 8.1 pct.Qtrly food costs were 34.1 pct of revenue, a decrease of 10 basis points as compared to Q2 of 2016.Chipotle Mexican Grill Inc sees ‍2017 comparable restaurant sales increases in high single digits​.Qtrly restaurant level operating margin increased to 18.8% from 15.5 pct.Chipotle Mexican Grill Inc sees ‍195 - 210 new restaurant openings for 2017​.Q2 revenue view $1.19 billion -- Thomson Reuters I/B/E/S.Chipotle - ‍updated findings from investigation confirmed original time frames for security incident listed for almost 99 pct of restaurants.Chipotle - ‍for 1.2 pct of restaurants affected by security incident, time frames slightly broadened from initial listing, still within March 24 to April 18.Chipotle Mexican Grill Inc - ‍two additional restaurants have been added to list of restaurants affected by security incident in Canada​.  Full Article

Chipotle continue to expect food costs to be about 34.2pct of sales for Q2
Monday, 19 Jun 2017 04:14pm EDT 

June 19 (Reuters) - Chipotle Mexican Grill Inc : :Chipotle - for Q2, continue to expect food costs to be about 34.2pct of sales, marketing & promotion costs to be up about 20 to 30 basis points versus q1.Chipotle Mexican Grill Inc says for the full year, continue to expect comparable restaurant sales increases in the high single digits .Chipotle Mexican Grill - "expect other operating costs as a percentage of sales for Q2 to be at or slightly higher than reported for Q1".Chipotle Mexican Grill Inc - for full year, continue to expect 195-210 new restaurant openings, an estimated effective tax rate of approximately 39.0pct.  Full Article

Chipotle reports findings from investigation of payment card security incident
Friday, 26 May 2017 02:00pm EDT 

May 26 (Reuters) - Chipotle Mexican Grill Inc ::Chipotle Mexican Grill reports findings from investigation of payment card security incident.Says in addition, Chipotle continues to support law enforcement's investigation and is working with payment card networks.‍during investigation, Chipotle removed malware and continues to work with cyber security firms to evaluate ways to enhance its security measures​.Says "during investigation, removed malware and continues to work with cyber security firms to evaluate ways to enhance its security measures".The malware searched for track data read from magnetic stripe of a payment card as it was being routed through POS device.Identified operation of malware designed to access payment card data from cards used on POS devices at some restaurants between March 24 and April 18.Not all locations were involved, and specific time frames vary by location for payment card security incident.Working with payment card networks so that banks that issue payment cards can be made aware and initiate heightened monitoring.There is no indication that other customer information was affected.Customers that used payment card at affected location should remain "vigilant" to possibility of fraud by reviewing card statements for unauthorized activity​.  Full Article

Chipotle names Scott Boatwright chief restaurant officer
Thursday, 11 May 2017 11:00am EDT 

May 11 (Reuters) - Chipotle Mexican Grill Inc ::Chipotle names Scott Boatwright chief restaurant officer.Boatwright comes to Chipotle from Arby's Restaurant Group.  Full Article

Chipotle Mexican Grill reports Q1 earnings per share $1.60
Tuesday, 25 Apr 2017 04:10pm EDT 

April 25 (Reuters) - Chipotle Mexican Grill Inc -:Chipotle Mexican Grill Inc announces first quarter 2017 results.Q1 earnings per share $1.60.Q1 revenue $1.07 billion versus i/b/e/s view $1.05 billion.Q1 earnings per share view $1.27 -- Thomson Reuters I/B/E/S.Chipotle Mexican Grill Inc - qtrly comparable restaurant sales increased 17.8%.Chipotle Mexican Grill Inc qtrly food costs were 33.8% of revenue, a decrease of 150 basis points compared to q1 of 2016.Chipotle Mexican Grill Inc - qtrly restaurant level operating margin increased to 17.7% from 6.8%.Sees 2017 comparable restaurant sales increases in high-single digits.Sees 195 - 210 new restaurant openings in fy 2017.Chipotle Mexican Grill - decrease in q1 food costs was primarily driven by lower food waste and testing costs.Chipotle Mexican Grill Inc - decrease in q1 food costs was partially offset by higher avocado prices.Chipotle Mexican Grill-q1 comparable restaurant sales increased due to improved customer traffic, reduced promotional activity, increased average check.  Full Article

Chipotle Mexican Grill enter agreements with CEO and CFO to modify terms of performance share awards
Thursday, 30 Mar 2017 05:05pm EDT 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill - entered into agreements with Steve Ells, CEO, Jack Hartung, CFO,Mark Crumpacker, to modify terms of performance share awards . Chipotle Mexican Grill Inc - agreements to modify terms of performance share awards made to each of foregoing executive officers in February 2016 . Chipotle - modifications to 2016 performance share award terms include measurement period for establishing stock price achievement increased from 30-60 days .Chipotle - Modifications to 2016 performance share award terms include reducing maximum payout to 300 pct of target awards; prior maximum was 400 pct of target.  Full Article

Chipotle Mexican Grill CEO Steve Ells' FY 2016 total compensation was $15.7 mln - SEC Filing
Thursday, 30 Mar 2017 04:53pm EDT 

Chipotle Mexican Grill Inc : CEO Steve Ells' FY 2016 total compensation was $15.7 million versus $13.8 million in fy 2015 - SEC Filing . Former Co-CEO Monty Moran's FY 2016 total compensation was $15.5 million versus $13.6 million in FY 2015 . Former CFO Jack Hartung's FY 2016 total compensation was $6.9 million versus $6.0 million in FY 2015 . Chipotle Mexican Grill - Shareholders agreed to withdraw shareholder proposal calling for separation of chairman and CEO positions, appoint independent chairman . Chipotle Mexican Grill - Agreed with shareholders Amalgamated Bank and CTW Investment Group to further strengthen lead director position . Chipotle Mexican Grill - Lead director will write annual letter to shareholders to be included in proxy statement for annual shareholder meetings each year, beginning 2018 . Chipotle Mexican Grill - Lead director to review and approve the agenda for each board meeting .Chipotle Mexican Grill - Lead director together with chair of compensation committee, lead annual performance evaluation of chief executive officer.  Full Article

Chipotle Mexican Grill files for potential offering of 2.9 mln shares
Friday, 3 Mar 2017 04:59pm EST 

Chipotle Mexican Grill Inc : Chipotle Mexican Grill Inc files for potential offering of 2.9 million shares by selling stockholders - SEC filing . Chipotle Mexican Grill-as of Feb 3, pershing square funds own 2.9 million shares of co's stock, or about 10.0% of outstanding shares of common stock .Chipotle Mexican Grill-on Feb 3, entered registration rights agreement with pershing square for resale of shares pershing square funds own.  Full Article

Pershing Square Capital Management says Chipotle Mexican Grill entered registration rights agreement with company - SEC Filing
Tuesday, 7 Feb 2017 05:42pm EST 

Chipotle Mexican Grill Inc : Pershing Square Capital Management - On Feb 3, 2017, Chipotle Mexican Grill entered registration rights agreement with Pershing Square - SEC Filing . Pershing Square Capital Management - Registration rights agreement with Chipotle was entered into pursuant to the December 14 letter agreement . Pershing Square-May make up to 4 requests that Chipotle Mexican Grill file registration statement to register sale of shares owned by pershing square . Pershing Square-Registration rights agreement provides Chipotle will file a shelf registration statement covering shares of co owned by Pershing Square .Pershing Square-Registration rights agreement with Chipotle provides certain piggyback registration rights to Pershing Square.  Full Article

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Chipotle served another subpoena after latest food scare

Chipotle Mexican Grill Inc said U.S. federal prosecutors served a subpoena, seeking information related to a suspected norovirus outbreak at a restaurant in Sterling, Virginia that it briefly closed last week.