Stock Analysis on Net
Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

Common-Size Income Statement
Quarterly Data

Chipotle Mexican Grill Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Food and beverage revenue 99.36 99.33 99.36 99.31 99.26 99.23 99.20 99.07 98.93 98.92 98.98 98.78 98.53 98.71 98.75 98.93 99.39 0.00 0.00 0.00 0.00
Delivery service revenue 0.64 0.67 0.64 0.69 0.74 0.77 0.80 0.93 1.07 1.08 1.02 1.22 1.47 1.29 1.25 1.07 0.61 0.00 0.00 0.00 0.00
Revenue (legacy) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100.00 100.00 100.00 100.00
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Food, beverage and packaging -28.83 -29.69 -29.70 -29.37 -29.24 -29.30 -29.84 -30.45 -31.03 -31.63 -30.29 -30.35 -30.01 -31.00 -32.30 -33.32 -32.77 -33.10 -33.23 -33.70 -32.21
Labor -24.41 -25.01 -24.93 -24.32 -24.65 -25.63 -25.10 -24.85 -26.33 -26.36 -25.75 -24.54 -24.90 -25.40 -25.34 -28.23 -27.90 -26.49 -26.62 -25.66 -26.67
Occupancy -5.02 -5.21 -5.11 -4.93 -5.15 -5.44 -5.22 -5.15 -5.54 -5.47 -5.34 -5.47 -5.84 -6.17 -6.10 -7.00 -6.75 -6.46 -6.51 -6.27 -6.79
Other operating costs -14.28 -14.72 -13.97 -13.91 -15.33 -15.67 -14.51 -14.34 -16.37 -16.34 -15.09 -15.18 -16.92 -17.94 -16.76 -19.23 -14.94 -14.76 -12.84 -13.48 -13.36
Restaurant operating costs, exclusive of depreciation and amortization -72.54% -74.63% -73.71% -72.53% -74.37% -76.04% -74.66% -74.79% -79.27% -79.80% -76.47% -75.54% -77.68% -80.52% -80.50% -87.78% -82.36% -80.81% -79.21% -79.11% -79.02%
Gross profit 27.46% 25.37% 26.29% 27.47% 25.63% 23.96% 25.34% 25.21% 20.73% 20.20% 23.53% 24.46% 22.32% 19.48% 19.50% 12.22% 17.64% 19.19% 20.79% 20.89% 20.98%
General and administrative expenses -7.57 -6.73 -6.45 -6.22 -6.26 -6.19 -6.35 -6.36 -7.30 -8.15 -7.47 -7.72 -8.91 -7.71 -8.31 -7.52 -7.55 -7.81 -8.20 -8.46 -7.85
Depreciation and amortization -3.08 -3.40 -3.18 -3.13 -3.23 -3.39 -3.22 -3.15 -3.55 -3.38 -3.24 -3.28 -3.62 -3.73 -3.76 -4.40 -4.14 -3.83 -3.72 -3.60 -4.11
Pre-opening costs -0.27 -0.54 -0.39 -0.30 -0.26 -0.52 -0.34 -0.24 -0.26 -0.36 -0.30 -0.26 -0.20 -0.28 -0.24 -0.27 -0.25 -0.35 -0.22 -0.15 -0.07
Impairment, closure costs, and asset disposals -0.20 -0.26 -0.29 -0.65 -0.35 -0.27 -0.29 -0.21 -0.21 -0.24 -0.24 -0.23 -0.33 -0.49 -0.50 -0.39 -0.66 -0.40 -0.42 -0.31 -0.53
Income (loss) from operations 16.33% 14.44% 15.98% 17.17% 15.52% 13.59% 15.15% 15.25% 9.41% 8.07% 12.28% 12.97% 9.27% 7.27% 6.69% -0.36% 5.04% 6.82% 8.24% 8.37% 8.42%
Interest and other income (expense), net 0.72 0.75 0.74 0.65 0.38 0.32 0.17 0.48 -0.01 0.47 -0.01 0.04 -0.12 0.05 -0.04 0.05 0.19 0.20 0.31 0.28 0.24
Income (loss) before income taxes 17.05% 15.19% 16.72% 17.82% 15.90% 13.91% 15.31% 15.73% 9.40% 8.55% 12.27% 13.02% 9.15% 7.32% 6.65% -0.32% 5.24% 7.01% 8.55% 8.64% 8.66%
(Provision) benefit for income taxes -3.75 -3.98 -4.05 -4.23 -3.58 -3.65 -3.73 -3.99 -1.57 -1.74 -1.80 -3.09 -1.85 4.55 -1.64 0.92 0.18 -1.98 -1.53 -2.30 -1.92
Net income 13.30% 11.21% 12.67% 13.59% 12.31% 10.26% 11.58% 11.74% 7.83% 6.81% 10.47% 9.93% 7.30% 11.88% 5.01% 0.60% 5.41% 5.03% 7.02% 6.35% 6.74%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Chipotle Mexican Grill Inc. income (loss) from operations as a percentage of revenue decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Chipotle Mexican Grill Inc. income (loss) before income taxes as a percentage of revenue decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Chipotle Mexican Grill Inc. net income as a percentage of revenue decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.