SEC Comment Letter 0000000000-23-008156 to CHIPOTLE MEXICAN GRILL INC (CMG) (CIK 0001058090) (CMG)
CHIPOTLE MEXICAN GRILL INC (CMG) (CIK 0001058090)
Date: July 31, 2023 · CIK: 0001058090 · Accession: 0000000000-23-008156
AI Filing Summary & Sentiment
File numbers found in text: 001-32731
Letter
United States securities and exchange commission logo July 31, 2023 John R. Hartung Chief Financial and Administrative Officer Chipotle Mexican Grill, Inc. 610 Newport Center Drive, Suite 1100 Newport Beach, CA 92660 Re:Chipotle Mexican Grill, Inc. Form 10-K for Fiscal Year Ended December 31, 2022 File No. 001-32731 Dear John R. Hartung: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for Fiscal Year Ended December 31, 2022 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations Revenue, page 23 1.We note per the risk factor on page 9 and the discussion of costs on page 23 that you implemented several menu price increases in 2022. Please quantify and discuss the extent to which changes in food and beverage revenue are attributable to changes in prices pursuant to Item 303(b)(2)(iii) of Regulation S-K. This comment also applies to Form 10- Qs.
In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameJohn R. Hartung Comapany NameChipotle Mexican Grill, Inc. July 31, 2023 Page 2 FirstName LastName John R. Hartung Chipotle Mexican Grill, Inc. July 31, 2023 Page 2 You may contact Stephen Kim at 202-551-3291 or Theresa Brillant at 202-551-3307 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
July 31, 2023
John R. Hartung
Chief Financial and Administrative Officer
Chipotle Mexican Grill, Inc.
610 Newport Center Drive, Suite 1100
Newport Beach, CA 92660
Re:Chipotle Mexican Grill, Inc.
Form 10-K for Fiscal Year Ended December 31, 2022
File No. 001-32731
Dear John R. Hartung:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment. In our comment, we may ask you to provide us
with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2022
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations
Revenue, page 23
1.We note per the risk factor on page 9 and the discussion of costs on page 23 that you
implemented several menu price increases in 2022. Please quantify and discuss the extent
to which changes in food and beverage revenue are attributable to changes in prices
pursuant to Item 303(b)(2)(iii) of Regulation S-K. This comment also applies to Form 10-
Qs.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
FirstName LastNameJohn R. Hartung
Comapany NameChipotle Mexican Grill, Inc.
July 31, 2023 Page 2
FirstName LastName
John R. Hartung
Chipotle Mexican Grill, Inc.
July 31, 2023
Page 2
You may contact Stephen Kim at 202-551-3291 or Theresa Brillant at 202-551-3307 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services