GENERAL LIABILITY RELEASE/FORCE MAJEURE: Each entrant (and any minor entrants parent or legal guardian) agrees that the Sweepstakes Entities (A) shall not be responsible or liable for, and are hereby released from, any and all costs, injuries, losses or damages of any kind, including, without limitation, death and bodily injury, due in whole or in part, directly or indirectly, to participation in the Sweepstakes or any Sweepstakes-related activity, or from entrants acceptance, receipt, possession and/or use or misuse of any prize, and (B) have not made any warranty, representation or guarantee express or implied, in fact or in law, with respect to any prize, including, without limitation, to such prizes quality or fitness for a particular purpose. Management uses restaurant level operating margin as a measure of restaurant performance. Chipotle appears to be quietly looking at a new dessert option for its menu: mini churro loops dusted in cinnamon sugar . Unfortunately, none of the desserts took off. 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 goals for number of Chipotle restaurants, restaurants with Chipotlanes and rate of expansion, first quarter 2022 comparable restaurant sales, estimated tax rates, future cash flow, and future long-term prospects. Inclusion in such drawing shall be each entrants sole and exclusive remedy under such circumstances. 15 Ideas for Fun Easter Food - 15 plus ideas for making cute foods your kids will love. We also have access to a recently refinanced $500 million untapped credit facility with which to continue to navigate this crisis. Pros: Fresh, organic produce and sustainably sourced proteins. Adjusted general and administrative expense is general and administrative expense excluding transformation expenses, stock-based compensation modification expense, and certain other costs. 1. 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. 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. Weighted-average common shares outstanding: Prepaid expenses and other current assets, Leasehold improvements, property and equipment, net, Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of December 31, 2021 and 2020, respectively, Common stock, $0.01 par value, 230,000 shares authorized, 37,132 and 36,704 shares issued as of December 31, 2021 and 2020, respectively, Treasury stock, at cost, 9,052 and 8,703 common shares as of December 31, 2021 and 2020, respectively, Total liabilities and shareholders' equity. Except as otherwise contemplated in these Official Rules, and to the extent entrants may otherwise elect at the time of entry, personal information collected by Sponsor in connection with the Sweepstakes will be used in accordance with Sponsors privacy policy located at https://www.chipotle.com/about-us/privacy-policy. We repurchased $168.9 million of stock at an average price per share of $1,750 during the fourth quarter. To promote the new flavor, Baskin-Robbins will be holding a Bottomless Brunch in New York City on Tuesday, March 7, 2023. Operating lease asset impairment and other restaurant costs(1), Operating lease asset impairment and other office closure costs(3), Stock-based compensation modification expense(5), Diluted weighted-average number of common shares outstanding. 3. Chipotle has already definitively decided to add dessert to its menu. No mechanically reproduced, illegible, incomplete, forged, software-generated or other automated multiple entries will be accepted. 10. General and administrative expenses for the fourth quarter were$159.8 millionon a GAAP basis, or$132.8 million2on a non-GAAP basis, excluding$18.0 million related to the proposed settlement of legal matters, $7.6 million for a COVID-19 related modification made in December 2020 to the 2018 performance shares, and$1.3 millionrelated to transformation expenses, restaurant closure costs and certain other costs. About Chipotle Mexican Grill Chipotle Mexican Grill is a fast-casual restaurant that was founded in 1993 by Steve Ells in Denver, Colorado. 9. A PURCHASE WILL NOT IMPROVE YOUR CHANCE OF WINNING. 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. GAAP and non-GAAP general and administrative expenses for the fourth quarter of 2021 also include $99.9 million of underlying general and administrative expenses,$29.7 millionof non-cash stock compensation,$1.8 million related to higher bonus accruals as well as payroll taxes on equity vesting and stock option exercises, and $1.4 million related to the upcoming all-manager conference. Chipotle Coupon Codes RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ELIGIBILITY: Only legal U.S. residents of the fifty (50) United States and District of Columbia who are at least thirteen (13) years of age or older at the time of entry are eligible to enter. Heat the oil in a large pot over medium high heat. Further details regarding these adjustments are included in the tables below. Highlights from Chipotle's 2021 Sustainability Report Update include: People Impact 90% of restaurant management roles were internal promotions Promoted almost 19,000 team members Offered free & confidential Employee Assistance Program (EAP) services to all Chipotle Employees Achieved a Human Rights Campaign Corporate Equality Index score of 100 Although, unlike Wendys, not all of it has been positive. Wendys is launching a new strawberry Frosty flavor. Rice Krispy Eggs - Rice Krispie Treats are colored pastel and formed into egg shapes. No steak after waiting 15 minutes in line. The Sweepstakes Entities shall not be responsible for incorrect or inaccurate entry information whether caused by Internet users or by any of the equipment or programming associated with or utilized in the Sweepstakes or by any technical or human error which may occur in the processing of the entries in the Sweepstakes. A portion of the desserts that it serves include buuelos, Chocolate Chipotle cake, etc . 1-16; (iii) the arbitration shall be held in Newport Beach, California; (iv) the arbitrators decision shall be controlled by the terms and conditions of these Official Rules and any of the other agreements referenced herein that the applicable entrant may have entered into in connection with the Sweepstakes; (v) the arbitrator shall apply Colorado law consistent with the FAA and applicable statutes of limitations, and shall honor claims of privilege recognized at law; (vi) there shall be no authority for any claims to be arbitrated on a class or representative basis, arbitration can decide only entrants and/or Sponsors individual claims; the arbitrator may not consolidate or join the claims of other persons or parties who may be similarly situated; (vii) the arbitrator shall not have the power to award punitive damages against the entrant or Sponsor; (viii) if the entrant is able to demonstrate that the costs of arbitration will be prohibitive as compared to the costs of litigation, Sponsor will pay as much of entrants filing and hearing fees in connection with the arbitration as the arbitrator deems necessary to prevent the arbitration from being cost-prohibitive; and (ix) with the exception of subpart (vi) above, if any part of this arbitration provision is deemed to be invalid, unenforceable or illegal, or otherwise conflicts with the rules of JAMS, then the balance of this arbitration provision shall remain in effect and shall be construed in accordance with its terms as if the invalid, unenforceable, illegal or conflicting provision were not contained herein. Yield 8 servings Prep Time 5 minutes Cook Time 0 minutes Total Time 5 minutes Course Sauce Cuisine Mexican Author Sabrina Snyder Rate Ingredients US Customary Metric However, despite its past failures, the company remains committed to finding that perfect sweet treat to suit its menus. Fry pieces in oil until crisp like a tortilla chip 3.) chipotle dessert 2021. (4) Other adjustments consist of consulting fees associated with the calculation of our non-recurring tax benefit. The Barista Express grinds, foams milk, and produces the silkiest espresso at the perfect temperature. By Daniels / October 18, 2020 January 8, 2021. . A Chipotle Rewards account is required for to claim the prize. delivery MPI(2), Comparable restaurant sales increase Food, beverage and packaging costs were 30.6% of total revenue, a decrease of 170 basis points compared to 2020. With Chipotle's new online fundraising option, a restaurant fundraiser is a great choice for those wanting to set up a fundraiser with ease, impact, and real food. 2.5 Baths. CHIPOTLE MEXICAN GRILL, INC. Text HELP for help. Chipotle isnt just exploring desserts to possibly put on its menu, but it wants to increase its side dish options, too. Assuming the effects of the pandemic continue to subside, we expect first quarter 2022 comparable restaurant sales to be in the mid to high single digits range. The fast-food behemoth decided that it would be a good idea to release an LGBTQIA+ themed burger in celebration of June being Pride Month. Starting pay for hourly crew members will range . In the event that any provision is determined to be invalid or otherwise unenforceable or illegal, these rules shall otherwise remain in effect and shall be construed in accordance with their terms as if the invalid or illegal provision were not contained herein. In 2021, Chipotle Mexican Grill achieved its goals for filling manager positions with internal promotions; tracking spending with minority-owned suppliers; and maintaining racial and gender pay. (6) For the three months ended December 31, 2021 and 2020, and year ended December 31, 2021, stock-based compensation consists of a COVID-19 related modification made in December 2020 to our 2018 performance shares. Limit one (1) entry per person per wireless number. The news came as a big deal, mostly because Wendys hasnt introduced a new Frosty flavor in years. The total approximate retail value (ARV) of each prize is Ten Dollars ($10.00). $484,990 Last Sold Price. 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. (1) Operating lease asset impairment charges, and other expenses for restaurants due to underperformance. 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. The increase in the tax rate was primarily due to the tax benefit booked last year for the 2020 federal net operating loss generated and carried back to prior years, as well as the proportionality of the excess tax benefits from equity vesting and exercises relative to profit before tax in each respective year. We had a total of 355 Chipotlanes as of year-end. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE PRIZES ARE PROVIDED AS IS WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, AND SPONSOR HEREBY DISCLAIMS ALL SUCH WARRANTIES, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND/OR NON-INFRINGEMENT. The improvement was driven primarily by leverage from comparable restaurant sales and menu price increases, partially offset by wage inflation, higher commodity inflation primarily from freight and beef, as well as increased delivery expenses.