Chipotle sees FY23 comparable restaurant sales growth mid to high-single digits

For 2023, management is anticipating the following: Fourth quarter and full year comparable restaurant sales growth in the mid to high-single digit range; 255 to 285 new restaurant openings (including 10 to 15 relocations to add a Chipotlane), which assumes utility, construction, permit and inspection delays do not worsen; An estimated underlying effective full year tax rate between 25% and 27% before discrete items; For 2024, management is anticipating the following: 285 to 315 new restaurant openings, which assumes utility, construction, permit and inspection delays do not worsen.