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Chipotle Mexican Grill, Inc. - CMG STOCK NEWS

Welcome to our dedicated page for Chipotle Mexican Grill news (Ticker: CMG), a resource for investors and traders seeking the latest updates and insights on Chipotle Mexican Grill stock.

Chipotle Mexican Grill, Inc. (NYSE: CMG), a leader in the fast-casual dining industry, is dedicated to serving responsibly sourced, classically-cooked, real food without artificial colors, flavors, or preservatives. Known for its high-quality raw ingredients and distinctive atmosphere, Chipotle aims to provide an exceptional dining experience more akin to fine dining.

Founded on the principle that fast food does not need to compromise on quality, Chipotle offers a menu featuring burritos, burrito bowls, tacos, quesadillas, and beverages. As of December 31, 2023, the company operated over 3,400 restaurants worldwide, including locations in the United States, Canada, the United Kingdom, France, Germany, and Kuwait. The company has plans for continued growth, recently signing a development agreement with Alshaya Group to expand in the Middle East.

In 2023, the company reported systemwide sales of $9.9 billion and continues to innovate with new menu items, such as the popular Chicken al Pastor, which quickly became a fan favorite. Chipotle has also made significant strides in the digital space, with 36.5% of its revenue in Q1 2024 coming from digital sales. The company remains committed to sustainability and technology, aiming to make its high-quality food more accessible to a broader audience.

Financially, Chipotle is robust, reporting $2.7 billion in revenue for Q1 2024, a 14.1% increase year-over-year. The company achieved a net income of $359.3 million, or $13.01 per diluted share, in the same quarter. Chipotle's restaurant-level operating margin stood at 27.5%, reflecting strong operational efficiency.

Partnerships and community engagement are also key aspects of Chipotle's strategy. The company is the official Mexican-themed quick service and fast-casual restaurant of the NHL and actively supports youth and national hockey teams. Chipotle is recognized for its employee engagement and opportunities for advancement, making it a desirable workplace for over 115,000 passionate employees.

Looking ahead, Chipotle aims to sustain its growth trajectory with plans for more restaurant openings, continued focus on digital ordering, and adherence to sustainable business practices. For more information or to place an order, visit www.chipotle.com.

News

CHIPOTLE ANNOUNCES FIRST QUARTER 2024 RESULTS

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Chipotle Mexican Grill, Inc. (NYSE: CMG) reported strong financial results for the first quarter of 2024, with a 7% increase in comparable sales driven by over 5% transaction growth. Total revenue increased by 14.1% to $2.7 billion, operating margin improved to 16.3%, and diluted earnings per share rose by 23.9%. The company opened 47 new restaurants, including Chipotlanes, and digital sales accounted for 36.5% of total food and beverage revenue.
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CHIPOTLE INTRODUCES ITS REAL INGREDIENTS TO KUWAIT

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Chipotle Mexican Grill (NYSE: CMG) has opened its first location in Kuwait City in partnership with Alshaya Group, marking the company's entry into a new country after over a decade. The restaurant, located at The Avenues Mall, introduces Chipotle's real ingredient menu to the Middle East. The partnership plans to expand further with a new location in Dubai later this year and a total of four new restaurants by 2024. The restaurant offers varied in-restaurant ordering experiences to cater to regional preferences, with a focus on delivering an exceptional dining experience to new guests.
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CHIPOTLE'S HOCKEY JERSEY BOGO OFFER RETURNS IN THE U.S. AND CANADA FOR THE 2024 STANLEY CUP® PLAYOFFS

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Chipotle Mexican Grill (NYSE: CMG) brings back its 'Wear Your Hockey Jersey' program offering a BUY-ONE-GET-ONE deal on entrees for hockey fans in the U.S. and Canada during the 2024 Stanley Cup® Playoffs. The brand's partnership with the NHL includes on-ice logo placement during the playoffs and support for various hockey teams. The promotion is to five free menu items per check on April 22, 2024, after 3:00pm local time, at participating Chipotle locations.
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CHIPOTLE KICKS OFF PARTNERSHIP WITH TEKKEN™ 8, RETURNS WITH NEW EXCLUSIVE EXPERIENCES FOR THE FIGHTING GAME COMMUNITY (FGC)

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Chipotle Mexican Grill (NYSE: CMG) announced a partnership with TEKKEN 8, offering players the chance to earn in-game currency through digital orders on the Chipotle app. The collaboration includes a new digital menu item, the 2024 Chipotle Challenger Series featuring TEKKEN 8, and sponsorship of the 2024 Evolution Championship Series.
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CHIPOTLE HIDES MORE THAN $1 MILLION IN FREE BURRITOS INSIDE NEW BURRITO VAULT GAME AHEAD OF NATIONAL BURRITO DAY

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Chipotle Mexican Grill (NYSE: CMG) launches interactive game 'Burrito Vault' to celebrate National Burrito Day, offering 100,000 Buy-One-Get-One free entrée codes. Fans can guess Chipotle orders to unlock prizes, highlighting the brand's customizable menu with over 1.34 billion burrito combinations. $0 delivery fee offer for Chipotle Rewards members on April 4.
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CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT

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Chipotle Mexican Grill, Inc. (CMG) announces a 50-for-one split of its common stock, marking one of the biggest stock splits in NYSE history. The split, subject to shareholder approval, will provide 49 additional shares for each share held to shareholders of record as of June 18, 2024. Chipotle's shares are expected to begin trading on a post-split basis on June 26, 2024. The company also announced a special one-time equity grant for restaurant general managers and crew members with over 20 years of service.
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CHICKEN AL PASTOR IS BACK: CHIPOTLE REINTRODUCES ONE OF ITS MOST POPULAR MENU INNOVATIONS

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Chipotle Mexican Grill (NYSE: CMG) reintroduces Chicken al Pastor to its menu across North America, UK, and Europe due to popular demand. The protein, featuring a unique blend of flavors like adobo, morita peppers, pineapple, and cilantro, is available for a limited time with a $0 delivery fee offer. Chicken al Pastor, initially launched in March 2023, garnered immense popularity and requests for its return, making it a fan favorite among Chipotle customers.
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CHIPOTLE MEXICAN GRILL TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 24, 2024

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Chipotle Mexican Grill (NYSE: CMG) will host a conference call to discuss first quarter financial results and provide a business update for the second quarter. The call is scheduled for April 24, 2024, at 4:30 PM Eastern time, with a press release to be issued at 4:10 PM Eastern time on the same day.
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CHIPOTLE DOUBLES ITS COMMITMENT TO THE CULTIVATE NEXT VENTURE FUND TO $100 MILLION, MARKING ITS TWO-YEAR ANNIVERSARY

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Chipotle Mexican Grill (NYSE: CMG) is increasing its commitment to its Cultivate Next venture fund by $50 million, bringing the total investment pool to $100 million. The fund aims to accelerate Chipotle's growth plans and further its mission to Cultivate a Better World by investing in companies focused on supply chain, agriculture, restaurant innovation, and automation. Chipotle has made additional investments in companies like Local Line and Hyphen, expanding its portfolio and supporting innovative solutions in the food industry.
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CHIPOTLE CELEBRATES FEBRUARY'S EXTRA DAY WITH FREE GUAC

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Chipotle Mexican Grill (CMG) is celebrating Leap Day on February 29 by offering free guacamole to Chipotle Rewards members who use code EXTRA24 on the Chipotle app or website. The brand is running an 'Extra Day, Extra Codes' challenge on Instagram from February 26 to February 29, where 29 fans can win free guac for a year by uncovering hidden keywords.
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FAQ

What is the current stock price of Chipotle Mexican Grill (CMG)?

The current stock price of Chipotle Mexican Grill (CMG) is $59.7 as of January 3, 2025.

What is the market cap of Chipotle Mexican Grill (CMG)?

The market cap of Chipotle Mexican Grill (CMG) is approximately 81.3B.

What is Chipotle's business focus?

Chipotle focuses on serving responsibly sourced, classically-cooked, real food without artificial colors, flavors, or preservatives.

How many restaurants does Chipotle operate?

As of December 31, 2023, Chipotle operates over 3,400 restaurants worldwide, including locations in the U.S., Canada, the U.K., France, Germany, and Kuwait.

What are some of Chipotle's recent menu innovations?

One of Chipotle's recent menu innovations is Chicken al Pastor, which became a fan favorite for its unique flavor profile.

How is Chipotle performing financially?

Chipotle reported $2.7 billion in revenue for Q1 2024, a 14.1% increase year-over-year, and a net income of $359.3 million.

What percentage of Chipotle's sales come from digital channels?

In Q1 2024, digital sales represented 36.5% of Chipotle's total food and beverage revenue.

What partnerships does Chipotle have?

Chipotle is the official Mexican-themed quick service and fast-casual restaurant of the NHL and supports various youth and national hockey teams.

What expansion plans does Chipotle have?

Chipotle plans to continue its growth with more restaurant openings, including a development agreement with Alshaya Group to expand in the Middle East.

How many employees does Chipotle have?

Chipotle employs over 115,000 people who are passionate about providing a great guest experience.

Where can I find Chipotle's latest financial updates?

Chipotle's latest financial updates can be found on their investor relations page at ir.chipotle.com.

How can I place an order at Chipotle?

You can place an order online at Chipotle's website or through their mobile app.
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Chipotle Mexican Grill, Inc.

NYSE:CMG

CMG Rankings

#159 Ranked by Market Cap
N/A Ranked by Dividends

CMG Stock Data

81.28B
1.35B
0.69%
86.91%
1.88%
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