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Chipotle Mexican Grill, Inc. Reports First Quarter 2008 Results
Wednesday April 23, 4:00 pm ET
-- Diluted EPS for the Quarter of $0.52, 37% Higher than 1st Quarter 2007
-- 28 New Restaurants Opened in the Quarter
-- 10.2% Comparable Restaurant Sales Increase for the Quarter

DENVER--(BUSINESS WIRE)--Chipotle Mexican Grill, Inc. (NYSE: CMG - News and CMG.B - News) today reported financial results for its first quarter ended March 31, 2008.
Highlights for the first quarter of 2008 as compared to the first quarter of 2007 include:

Revenue increased 29.3% to $305.3 million
Comparable restaurant sales increased 10.2%
Restaurant level operating margins increased 50 basis points to 21.2%
Income from operations as a percentage of revenue increased 90 basis points to 8.8%
Net income increased 38.9% to $17.3 million
Diluted earnings per share increased 36.8% to $0.52
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