Chipotle Mexican Grill, Inc. (NYSE:CMG) Q1 2023 Earnings Call Transcript

Jake Bartlett: Great. I appreciate it.

John Hartung: Thank you.

Operator: This concludes our question-and-answer session. I would like to turn the call back to Brian Niccol for any closing remarks.

Brian Niccol: Okay. Thanks. And thanks, everybody, for joining the call and all the questions. Obviously, we’re very proud of the work that has gone into achieving these results. I think I mentioned this before, Chipotle has got one of those special brands strengths when you look out there. There aren’t many companies, I think, that are growing top line, expanding margins and building new units to the tune of 8% to 10%. And then when you combine that with the strength of the balance sheet, the strength of our economics, we’re very confident in the strategies that we’re continuing to execute we are not slowing down, though on Project Square One, and we’re not slowing down on providing digital access, and we’re not going to slow down on making the brand visible and loved.

And at the foundation of all this when we have great people, with great culinary, we usually end up with great experiences for our guests. So we’re staying the course, and we believe the strategies and these focus areas are going to deliver results for the long-term. And we’re optimistic about our long-term future of getting to those 7,000 restaurants and AUVs well beyond 3 million. So thanks again for taking the time, and we’ll talk to you in a couple of months, if not sooner. Thanks. Bye.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.