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IRAMTeam42023 Stockfuse Continuum (US) Feb 2023

  • CMG has consistently outperformed the market. For every $100 invested against the total return index for S&P 500 Restaurants Index, Chipotle returned 237% more than S&P 500 Restaurants.
  • Total revenue was $7.5B for 2021, an increase of 26.1% from 2020. The increase was attributable to comparable restaurant sales and new restaurant openings. The revenue is projected to grow by ~13.5% in 2023.
  • Comparable restaurant sales increased 19.3% for 2021, primarily due to a 10.3% increase in transactions and an 8.5% benefit from menu price increases implemented in late 2020 and during 2021.
  • EBITDA margin increased from 5.5% to 11% in 2021 and is expected to reach 17.68% by 2025.
  • Chipotle’s operating costs in 2021 were 77.4% of total revenue, a decrease from 82.6% in 2020.
  • During the year (2021) diluted earnings per share were $22.90, an 82.9% increase from $12.52 in 2020.