Common-Size Income Statement
Quarterly Data

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

3 months ended:	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Food and beverage revenue	99.46%	99.44%	99.39%	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%
Delivery service revenue	0.54%	0.56%	0.61%	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%
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%
Food, beverage and packaging	-30.44%	-30.62%	-29.39%	-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%
Labor	-25.19%	-24.94%	-24.10%	-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%
Occupancy	-5.15%	-5.10%	-4.66%	-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%
Other operating costs	-14.46%	-13.83%	-12.94%	-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%
Restaurant operating costs, exclusive of depreciation and amortization	-75.25%	-74.51%	-71.09%	-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%
Gross profit	24.75%	25.49%	28.91%	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%
General and administrative expenses	-6.72%	-4.53%	-5.89%	-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%
Depreciation and amortization	-2.95%	-3.02%	-2.81%	-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%
Pre-opening costs	-0.45%	-0.46%	-0.30%	-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%
Impairment, closure costs, and asset disposals	-0.02%	-0.54%	-0.19%	-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%
Income (loss) from operations	14.61%	16.94%	19.71%	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%
Interest and other income (expense), net	0.82%	1.05%	0.74%	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%
Income (loss) before income taxes	15.43%	17.99%	20.45%	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%
(Provision) benefit for income taxes	-3.77%	-4.12%	-5.12%	-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%
Net income	11.66%	13.87%	15.33%	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%

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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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Chipotle Mexican Grill Inc. (NYSE:CMG)

Common-Size Income StatementQuarterly Data

Common-Size Income Statement
Quarterly Data