Chipotle Mexican Grill, Inc. (NYSE:CMG) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET

Company Participants

Cindy Olsen - Head, IR and Strategy
Brian Niccol - Chairman and CEO
Jack Hartung - CFO and CAO

Conference Call Participants

David Tarantino - Baird
Sara Senatore - Bank of America
Dennis Geiger - UBS
Peter Saleh - BTIG
Christine Cho - Goldman Sachs
Sharon Zackfia - William Blair
John Ivankoe - JPMorgan
Andrew Charles - TD Cowen
Lauren Silberman - Deutsche Bank
Jon Tower - Citi
Brian Harbour - Morgan Stanley
Danilo Gargiulo - Bernstein
Chris O'Cull - Stifel

Operator

Good afternoon, and welcome to the Chipotle Second Quarter Fiscal 2024 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being record.

I would now like to turn the conference over to Cindy Olsen, Head of Investor Relations and Strategy. Please go ahead.

Cindy Olsen

Hello, everyone, and welcome to our second quarter fiscal 2024 earnings call. By now, you should have access to our earnings press release. If not, it may be found on our Investor Relations website at ir.chipotle.com.

I will begin by reminding you that certain statements and projections made in this presentation about our future business and financial results constitute forward-looking statements.

These statements are based on management's current business and market expectations and our actual results could differ materially from those projected in the forward-looking statements.

Please see the risk factors contained in our annual report on Form 10-K and in our Form 10-Qs for a discussion of risks that may cause our actual results to vary from these forward-looking statements.

Our discussion today will include non-GAAP financial measures. A reconciliation to GAAP measures can be found via the link included on the presentation page within the Investor Relations section of our website.

We will start today’s call with prepared remarks from Brian Niccol, Chairman and Chief Executive Officer; and Jack Hartung, Chief Financial and Administrative Officer, after which we will take your questions. Our entire executive leadership team is available during the Q&A session.

And with that, I will turn the call over to Brian.

Brian Niccol

Thanks Cindy and good afternoon everyone. Before I begin discussing our results, I need to recognize and congratulate Jack Hartung on his nearly 25 years with Chipotle and roughly 80 earnings calls with all of you.