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Unit Growth & Restaurant Economics
Chipotle FY2024
Use Chipotle's FY2024 disclosures to connect comparable sales, transactions, average restaurant sales, openings, digital mix, and restaurant-level margin. USD thousands in the audited income statement unless stated.
What you will learn
- Separate comparable sales from total growth.
- Decompose transactions and average check.
- Calculate restaurant-level profit and margin.
- Evaluate unit growth and Chipotlane mix.
- Distinguish non-GAAP restaurant margin from company operating margin.
- Design a gated expansion plan.