Chipotle Mexican Grill, Inc. (CMG) CEO Brian Niccol on Q2 2020 Results - Earnings Call Transcript

Jul. 23, 2020 12:00 AM ETChipotle Mexican Grill, Inc. (CMG)1 Comment
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Chipotle Mexican Grill, Inc. (NYSE:CMG) Q2 2020 Earnings Conference Call July 22, 2020 4:30 PM ET

Company Participants

Ashish Kohli - Head, Investor Relations

Brian Niccol - Chairman and Chief Executive Officer

Jack Hartung - Chief Financial Officer

Conference Call Participants

David Tarantino - Baird

Peter Saleh - BTIG

Katherine Fogertey - Goldman Sachs

Nicole Miller - Piper Sandler

Sara Senatore - Bernstein

John Glass - Morgan Stanley

Jake Bartlett - SunTrust

Andrew Charles - Cowen

Lauren Silberman - Credit Suisse

Chris Carril - RBC Capital Markets


Good afternoon and welcome to the Chipotle Mexican Grill Second Quarter 2020 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Ashish Kohli, Head of Investor Relations. Please go ahead.

Ashish Kohli

Hello, everyone and welcome to our second quarter 2020 earnings call. By now, you should have access to our earnings press release. If not, it maybe found on our Investor Relations website at

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

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