CHIPOTLE MEXICAN GRILL, INC. (CMG) FY2024 Annual P&L / Income Statement

CHIPOTLE MEXICAN GRILL, INC. (CMG) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue

11,313,853,000 US dollars

Cost of revenue (calculated)

6,164,305,000 US dollars

Gross profit (calculated)

5,149,548,000 US dollars

Operating expenses (calculated)

3,233,215,000 US dollars

Income from operations

1,916,333,000 US dollars

Other income (expense), net (calculated)

93,897,000 US dollars

Income before income taxes

2,010,230,000 US dollars

Provision for income taxes

476,120,000 US dollars

Net income

1,534,110,000 US dollars

Food and beverage revenue

11,247,384,000 US dollars

Delivery service revenue

66,469,000 US dollars

Food, beverage and packaging

3,374,516,000 US dollars

Labor

2,789,789,000 US dollars

Occupancy

563,374,000 US dollars

Other operating costs

1,568,482,000 US dollars

General and administrative expenses

697,483,000 US dollars

Depreciation and amortization

335,030,000 US dollars

Pre-opening costs

41,897,000 US dollars

Impairment, closure costs, and asset disposals

26,949,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.