Although, it will likely be some time before customers see any new items, desserts or otherwise, pop up. The Chipotle restaurant understands that and has, in this way, presented some well-renowned dessert dishes. PRIZES/ODDS: Twenty One Thousand (21,000) prizes are available. Entrants should check their phones features to see if they have that capability. The total ARV of all prizes awarded in the Sweepstakes is Two Hundred and Ten Thousand Dollars ($210,000.00). Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. Excluding the impact of PSU modifications, restaurant asset impairment and closure costs, and corporate restructuring expenses, adjusted net income was $153.1 million and adjusted diluted earnings per share was $5.36. Live your best life with our advice. When White Castle put the first nationally . Our financial strength gives us the opportunity to make on-going strategic investments in our people, business, and communities, which we believe will benefit us for years to come. Apple dipping sauce? These formats continue to perform very well and are helping enhance guest access and convenience, as well as increase new restaurant sales, margins, and returns. But if youll remember, 2017 was a low point for the Chipotle brand, due to the E. coli outbreaks splashed across headlines at the time. It may come as a surprise that Chipotle only has 5 items on their regular menu. The stage-gate process mentioned above just refers to the multi-step approach to bringing any menu item to life. It seems impossible that such delicious-sounding items havent landed on menus nationwide. 35+ Restaurants Open On Christmas & Christmas Eve 2021; 45+ Restaurants Open Thanksgiving Day 2021; Dunkin Is Bringing Back The Pink Macchiato For Valentines Day 2022; The company made particular mention of possible new varieties of queso or guacamole (it will be extra of course). We opened 215 new restaurants during the year, bringing the total restaurant count at year-end to 2,966. Some of these include buuelos, a flat fried fritter topped with honey, sugar, cinnamon and served with an apple dipping sauce, and a Mexican Chocolate Shake. Thanks for subscribing to Chipotle mobile updates. A PURCHASE WILL NOT IMPROVE YOUR CHANCE OF WINNING. These decreases were partially offset by costs associated with cauliflower rice and fewer sales of high margin beverages. Most of the other major players in fast food have some sort of dessert offering, from McDonalds famous apple pies to Taco Bells cinnamon twists to Wendys Frosty to Chick-fil-As chocolate fudge brownies. These adjustments are intended to provide greater transparency of underlying performance and to allow investors to evaluate our business on the same basis as our management, which uses these non-GAAP measures in evaluating the company's performance. The increase in total revenue was driven by a 15.2% increase in comparable restaurant sales and new restaurant openings. Including this repurchase authorization, $240.9 million was available as of December 31, 2021. Chipotle will be one of them. Further details regarding these adjustments are included in the tables below. 3 Beds. More information will be available in our Quarterly Report on Form 10-Q, which will be filed with the SEC by the end of April. Sure, the chain is known for rapid-fire tex-mex, but those in the known say there might be several reasons why desserts have never been available. The Sponsors database clock will be the official time-keeper for this Sweepstakes. March 3, also known as 303 Day, is an ideal time to dial into some of the ways that Colorado has made its mark on this country. However, judging by the positive reception toward a more recently released limited-time item, pollo asado, it seems like the company may finally be finding its groove. Fourth quarter highlights, year over year: Full year 2021 highlights, year over year: "2021 was an outstanding year for Chipotle, highlighting the strength and resiliency of our brand. These Official Rules cannot be modified or amended in any way except in a written document issued in accordance with law by a duly authorized representative of Sponsor. But, they do offer a large variety of delicious goodies that you can put on top or inside of those five itemschicken, pork, barbacoa, steak, carne asada, tofu-based sofritas, and vegetables. The conference call can be accessed live over the phone by dialing 1-888-317-6003 or for international callers by dialing 1-412-317-6061 and use code: 5215022. WINNERS LIST: To obtain a copy of any legally-required winners list, send a self-addressed stamped envelope to: The Chipotle NYE Sweepstakes 2020 Winners List, CMG Strategy Co., LLC, 610 Newport Center Drive, Suite 1400, Newport Beach, California, 92660. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Purchases of leasehold improvements, property and equipment, Acquisitions of equity method investments, Tax withholding on stock-based compensation awards, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net change in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at beginning of period, Cash, cash equivalents, and restricted cash at end of period, Supplemental disclosures of cash flow information, Purchases of leasehold improvements, property, and equipment accrued in accounts payable and accrued liabilities, Acquisition of treasury stock accrued in accounts payable and accrued liabilities, Average restaurant sales, excluding delivery MPD(1). In the event an insufficient number of eligible entries are received and/or Sponsor is prevented from awarding prizes or continuing with the Sweepstakes as contemplated herein by any event beyond its control, including but not limited to fire, flood, natural or man-made epidemic of health of other means, pandemic, earthquake, explosion, labor dispute or strike, act of God or public enemy, satellite or equipment failure, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared) or any federal state or local government law, order, or regulation, public health crisis, order of any court or jurisdiction, or other cause not reasonably within Sponsors control (each a Force Majeure event or occurrence), then Sponsor reserves the right to modify, suspend, or terminate the Sweepstakes. Chips. Chipotle appears to be quietly looking at a new dessert option for its menu: mini churro loops dusted in cinnamon sugar . We opened 40 new restaurants during the first quarter and closed five restaurants, bringing the total restaurant count to 2,803. It turns out that Chipotle has dabbled in dessertthough only internally. The pickles on the sandwich gave a nice crunch.The salt and pepper brioche bun was soft and fresh and complemented the brisket perfectly.. Entries made by any other individual or any entity, and/or originating at any other wireless number, including but not limited to commercial sweepstakes subscription notification and/or entering service sites, will be declared invalid and disqualified for this Sweepstakes. Theres nothing quite like the hyper-efficiency of Chipotle. Per serving, Chipotle chips contain 540 calories, the total carbohydrate stands at 73 grams, 25 grams of fat, and 390 grams of sodium. On a non-GAAP basis, the 2021 full year effective income tax rate was 20.0%. The forward-looking statements in this press release are based on currently available operating, financial and competitive information available to us as of the date of this release and we assume no obligation to update these forward-looking statements. HOW TO ENTER: During the Sweepstakes Period, a host on the YouTube New Years Eve event live stream will announce this Sweepstakes and the a code word (the Code). January 12, 2021 Chipotle Online Fundraising Event Ideas. The following tables provide a reconciliation of non-GAAP financial measures presented in the text above to the most directly comparable financial measures calculated and presented in accordance with GAAP. The speed at which Chipotle employees can assemble and ring up a burrito the size of a three-month-old is awe-inspiring, and even when some menu items miss the mark, it tends to be more technical error than anything else (such as the overly steamed cauliflower rice or the chewy smoked brisket, both of which had great flavor despite their other flaws). Entry in the Sweepstakes does not constitute entry into any other promotion, contest or sweepstakes. Unfortunately, none of the desserts took off. Nearby homes similar to 10972 Chipotle Ave have recently sold between $485K to $570K at an average of $255 per square foot. Nearby homes similar to 10971 Chipotle Ave have recently sold between $485K to $570K at an average of $255 per square foot. Adjustments to reconcile net income to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Purchases of leasehold improvements, property and equipment, Tax withholding on stock-based compensation awards, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Net change in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at beginning of period, Cash, cash equivalents, and restricted cash at end of period, Supplemental disclosures of cash flow information, Purchases of leasehold improvements, property, and equipment accrued in accounts payable and the three months ended March 31, 2020, stock-based compensation consists of stock modification charges associated with the That doesnt mean that it wont make further appearances eventually, but quesadillas (which were introduced at the same time as the milkshake) evidently took priority, joining the nationwide menu in 2021. Number of Chipotle Mexican Grill restaurants worldwide 2007-2021 Companies with the highest CEO-to-worker wage ratio in the U.S. in 2020 The most important statistics All entries must be received by the end of the Sweepstakes Period in order to participate. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements, including but not limited to: uncertainty regarding the duration and severity of the ongoing COVID-19 pandemic and its ultimate impact on our business, including supply chain disruptions and difficulties in acquiring restaurant equipment, impact on guest traffic, restaurant sales and operating costs and the ability of our third-party suppliers and business partners to fulfill their responsibilities and commitments; increasing wage inflation and the increasingly competitive labor market, which impacts our ability to attract and retain qualified employees and has resulted in occasional staffing shortages; increasing supply costs, including beef and freight and to a lesser extent, avocados; risks associated with our reliance on certain information technology systems and potential failures or interruptions; privacy and cyber security risks related to our acceptance of electronic payments or electronic processing of confidential customer or employee information, including through our digital app; the impact of competition, including from sources outside the restaurant industry; the financial impact of increasing our national average hourly wage to $15.00; the impact of federal, state or local government regulations relating to our employees, employment practices, restaurant design and construction, and the sale of food or alcoholic beverages; our ability to achieve our planned growth, such as the availability of suitable new restaurant sites and the availability of construction materials and contractors; increases in ingredient and other operating costs due to our Food With Integrity philosophy, tariffs or trade restrictions and supply shortages; the uncertainty of our ability to achieve expected levels of comparable restaurant sales due to factors such as changes in consumers' perceptions of our brand, including as a result of actual or rumored food safety concerns or other negative publicity, decreased overall consumer spending (including but not limited to the increase in unemployment caused by COVID-19), or the inability to increase menu prices or realize the benefits of menu price increases; risks associated with our increased focus on our digital business, including risks arising from our reliance on third party delivery services; risks relating to litigation, including possible governmental actions related to food safety incidents and potential class action litigation regarding employment laws, advertising claims or other matters; and other risk factors described from time to time in our SEC reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q, all of which are available on the investor relations page of our website at ir.Chipotle.com.

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