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Coconut CheesecakeWith passion fruit glazeMaple CheesecakeWith maple-cranberry compoteMaple-Gingerbread Layer CakeIn this delicious dessert, tender spice cake is layered with maple-sugar frostingGrand Marnier TartStrawberry Blossom TartRaspberry & ChampagneLayer CakeBittersweet Chocolate Turtle TartMini Banana Rum Fudge CakeChunky Apple . We made this, (2) In Q3 2020, we began implementing delivery menu-price increases ("MPI") to partially offset the increased cost of delivery. Starting pay for hourly crew members will range . Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. 2021 and December 31, 2020, respectively, Common stock, $0.01 par value, 230,000 shares authorized, 36,936 and 36,704 shares issued as 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. Sponsor reserves the right to modify, extend, suspend, or terminate the Sweepstakes if it determines, in its sole discretion, that the Sweepstakes is technically impaired or corrupted or that fraud or technical problems, failures or malfunctions or other causes beyond Sponsors control have destroyed or severely undermined or to any degree impaired the integrity, administration, security, proper play and/or feasibility of the Sweepstakes as contemplated herein. Digital sales grew 133.9% year over year to $869.8 million and represented 50.1% of sales. Restaurant operating costs (exclusive of depreciation and amortization shown separately below): Impairment, closure costs, and asset disposals. By participating in the Sweepstakes, each entrant unconditionally accepts and agrees to comply with and abide by these Official Rules and the decisions of CMG Strategy Co., LLC, 610 Newport Center Drive, Suite 1400, Newport Beach, California, 92660 (Sponsor), which shall be final and binding in all respects. The Sponsors database clock will be the official time-keeper for this Sweepstakes. Copyright 2021 Walk Big/TellMeBest.com/All Rights Reserved, Twitter Fined Over $150 Million For Serious User Privacy Violation, How Housing Market Prices Will Change This Year, Why Cases Of Credit Card Fraud Are Higher Than Ever, You Can Now Buy Girl Scout Cookie-Inspired Makeup, Tons Of US Hospitals Arent Equipped To Treat Sick Kids And This Winter Proved It. Sponsor reserves the right in its sole discretion to disqualify any individual who is found to be tampering with the entry process or the operation of the Sweepstakes, to be acting in violation of these Official Rules, or to be acting in an unsportsman-like or disruptive manner, or with the intent to disrupt or undermine the legitimate operation of the Sweepstakes, or to annoy, abuse, threaten or harass any other person, and Sponsor reserves the right to seek damages and other remedies from any such person to the fullest extent permitted by law. Yield 6 servings Prep Time 10 minutes Cook Time 15 minutes Total Time 25 minutes Course Side Cuisine Mexican Author Sabrina Snyder Rate Ingredients US Customary Metric CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME. Chipotle is among the first major restaurants in the U.S. to digitally track items from supplier to each and every restaurant in this way. Why no post-carnitas confections, Chipotle? Contact Customer Service for additional support: https://chipotle.com/contact-us.html#report-an-issue. When White Castle put the first nationally . The call will be webcast live from the company's website on the investor relations page at ir.chipotle.com/events. 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. Sponsor makes no warranties, and hereby disclaims any and all warranties, express or implied, concerning any prize furnished in connection with the Sweepstakes. For more information or to place an order online, visit WWW.CHIPOTLE.COM. Net income for the fourth quarter of 2021 was $133.5 million, or $4.69 per diluted share, a decrease from $191.0 million, or $6.69 per diluted share, which included an income tax benefit of $3.77 per diluted share, in the fourth quarter of 2020. General and administrative expenses were$606.9 millionon a GAAP basis, or$518.0 million2on a non-GAAP basis, excluding$63.1 million for a COVID-19 related modification made in December 2020 to the 2018 performance shares, $20.1 million related to various legal matters, and$5.6 millionrelated to transformation expenses, restaurant closure costs and certain other costs. While the Chipotle representative was unable to share more information about which dessert projects are being pursued and/or prioritized, I hold out hope for an iconic Mexican dessert to join the Chipotle lineup sooner rather than later. Let's go over three items that Chipotle is currently testing that have a shot at going national in 2021. Reconciliations to GAAP measures and further information are set forth in the table at the end of this press release. Smoked brisket Chipotle is offering smoked. We also have access to a recently refinanced $500 million untapped credit facility with which to continue to navigate this crisis. Chipotle will host a conference call to discuss third quarter 2021 financial results on Thursday, October 21, 2021, at 4:30 PM Eastern time. (5) Charges relate to estimated settlements for distinct legal matters that exceeded or are expected to exceed typical costs for these types of legal proceedings. Variety of meal plans for different lifestyles and dietary needs (including diabetes) Satisfying portions in both meal kits and premade meals. If, however, subpart (vi) is found to be invalid, unenforceable or illegal, then the entirety of this arbitration provision shall be null and void, and neither entrant nor Sponsor shall be entitled to arbitrate their dispute. Recently the restaurant started accepting cryptocurrency at all of its locations based in the United States. Theres nothing quite like the hyper-efficiency of Chipotle. Please reply to this text to complete the process. Chipotle Guacamole (Copycat) made with the authentic Chipotle recipe including lime juice, cilantro, red onions and jalapeos takes guacamole to a new level at home in 15 minutes! 10. BestsellerThe Barista Express grinds, foams milk, and produces the silkiest espresso at the perfect temperature. As of March 31, 2021, Chipotle continues to maintain a strong financial position with nearly $1.2 billion in cash, investments and restricted cash, and no debt. 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. Chipotle Hello 2021! Chipotle Restaurant Menu for Desserts. From wellplated.com. TELL ME BEST may get a commissionfrom retail offers. The coronavirus pandemic led it. If a dispute as to the identity of the individual who actually submitted an entry cannot be resolved to Sponsors satisfaction, the affected entry will be deemed ineligible. periods presented has been updated to conform with the new definition. But the lack of a dessert has also not gone unnoticed. Because of the care and quality of its food, Chipotle menu prices are usually more expensive than most other fast-food restaurants. 1. Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, Common stock, $0.01 par value, 230,000 shares authorized, 36,936 and 36,704 shares issued as. 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. A Chipotle Rewards account is required for to claim the prize. Theconference 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: 7541344. More information will be available in our Annual Report on Form 10-K, which we expect to file with the SEC by February 11, 2022. The chain's sales were up by 34% in 2021, compared to 2019 , making Chipotle the tenth-largest restaurant chain in the U.S. In terms of drinks, we got the Chipotle-Pineapple Bourbon Sour.This drink includes bourbon, pineapple, and lime juices . Fry pieces in oil until crisp like a tortilla chip 3.) No steak after waiting 15 minutes in line. Heat the oil in a large pot over medium high heat. Mostly reusable and recyclable packaging. We believe several new menu items, effective marketing, and on-going strength in digital sales, as well as a tailwind from government stimulus payments to consumers contributed to first quarter revenue growth. earn rewards, or $0 delivery + more depending on the latest offers. Nearby homes similar to 10972 Chipotle Ave have recently sold between $485K to $570K at an average of $255 per square foot. (4) Other adjustments consist of consulting fees associated with the calculation of our non-recurring tax benefit. GOVERNING LAW/JURISDICTION: ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, INTERPRETATION AND ENFORCEABILITY OF THESE OFFICIAL RULES OR THE RIGHTS AND OBLIGATIONS OF ENTRANTS OR SPONSOR IN CONNECTION WITH THE SWEEPSTAKES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF COLORADO WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OF CONFLICT OF LAW RULES OR PROVISIONS THAT WOULD CAUSE THE APPLICATION OF ANY OTHER STATES LAWS. Ongoing. SHARE Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about our future cash flow, new restaurant development plans and future long-term prospects. 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. CHIPOTLE NYE 2020 SWEEPSTAKES OFFICIAL RULES NO PURCHASE NECESSARY TO ENTER OR WIN A PRIZE IN THIS SWEEPSTAKES. closures announced in June 2018 due to the corporate restructuring and underperformance of $1,400 and employee related Even without dessert or other new add-ons, Chipotle's sales are growing. Out of hard tacos, veggies, chips, and no straws for fountain drinks. Comparable restaurant sales were fairly consistent in each month of the fourth quarter due to a combination of factors including healthy demand for Smoked Brisket, strength in digital sales, and the benefit of menu price increases. During the quarter, our Board of Directors approved the investment of up to an additional $100 million, exclusive of commissions, to repurchase shares of our common stock, subject to market conditions. By Daniels / October 18, 2020 January 8, 2021. . (decrease). This trend intensified through January 2022, which also included challenging weather across the country. Only the type and quantity of prizes described in these Official Rules will be awarded. All entries must be received by the end of the Sweepstakes Period in order to participate. 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. Further details regarding these adjustments are included in the tables below. amortization shown separately below): Impairment, closure costs, and asset disposals. Smoke for 24-48 hours, until very dry. Cookies are used to support and manage your interactions with our website and process your order. The total approximate retail value (ARV) of each prize is Ten Dollars ($10.00). The dish is called buuelos, and they're bite-size squares of flour tortillas that are fried and dusted with cinnamon and. 2.5 Baths. Breville Barista Express Espresso Machine, McDonalds Shrinks Its Restaurant for the Digital Age. By participating in the Sweepstakes, in addition to any other grants which may be granted in any other agreement entered into between Sponsor and any entrant in and/or winner of the Sweepstakes, each entrant irrevocably grants the Sweepstakes Entities and each of their respective successors, assigns and licensees, the right to use such entrants name, social media tag, likeness, and biographical information, and any other personal characteristics, in any and all media for any purpose, including without limitation, to advertise, market and promote Chipotle or the Sweepstakes or other promotions, and each entrant and/or prize winner(s) hereby release the Sweepstakes Entities from any liability with respect thereto. Restaurant level operating margin was 20.2%, an increase from 19.5% in the fourth quarter of 2020. (2) Duplicate rent expense for the corporate headquarter relocation and office consolidation announced in May 2018 and rent expense for closed restaurants announced in June 2018. Image source: Chipotle Mexican Grill. For more information on JAMS and/or the rules of JAMS, visit their website at www.jamsadr.com. Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. The adjusted effective income tax rate is the effective income tax rate adjusted to reflect the after tax impact of non-GAAP adjustments. Through the end of February, same-store sales had increased 14.4%. In order to wring the most value out of its investment, McDonalds spent years encouraging Chipotle to adopt certain fast food conventions, recommending (among other things) drive-thru lanes and a breakfast menu. On a non-GAAP basis, the 2021 fourth quarter effective income tax rate was 18.7%2. We made this 3. Chipotle's revenue increased by 7.1% to $6.0 billion whereas comparable restaurant sales increased 1.8%. With over 97,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. The new location is soon opening in Ohio . The same logic might explain the dearth of sweet items available at Chipotle. Chipotle chips contain high amounts of calories and unsaturated fats. About half of the digital sales were from order ahead transactions as guests better understand the value offered by this channel, as well as the added convenience of more Chipotlanes. Management uses restaurant level operating margin as a measure of restaurant performance.