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Chipotle Mexican Grill Inc   (CMG)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services


Chipotle Mexican Grill Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CMG Effective Tax Rate (Jun 30 2024)
Q2
(Mar 31 2024)
Q1
(Dec 31 2023)
Q4
(Sep 30 2023)
Q3
(Jun 30 2023)
Q2
Y / Y Pre-Tax Income Change 35.62 % 22.33 % 26.03 % 21.58 % 28.75 %
Seq. Pre-Tax Income Change 31.97 % 20.48 % -7.5 % -7.79 % 19.04 %
Pre-Tax Income In Millions $607.91 $460.66 $382.35 $413.34 $448.26
Effective Tax Rate 25.04 % 22.01 % 26.22 % 24.22 % 23.75 %
Effective Tax Rate Total Ranking # 1205 # 889 # 1234 # 1299 # 1244
Income taxes expenses / -benefit In Millions $152.24 $101.37 $100.27 $100.13 $106.47
Y / Y Income taxes expenses / -benefit Change 43 % 19.38 % 25.87 % 20.88 % 20.67 %
Seq. Income taxes expenses / -benefit Change 50.19 % 1.1 % 0.14 % -5.96 % 25.39 %


Commenting Second Quarter 2024 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compared to the previous quarter to 25.04 %
, below company*s average Effective Tax Rate.


Looking into II. Quarter results within Restaurants industry 17 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 889 to 1205.

CMG's Effective Tax Rate second quarter 2024 Company Ranking
Within: No.
Restaurants Industry # 18
Services Sector # 125
Overall # 1203

CMG's Effective Tax Rate Statistics
High Average Low
349.32 % 38.1 % 14.66 %
(Dec 31 2015)   (Sep 30 2021)




Other Effective Tax Rate Profitability Ratios
CMG's Cumulative Effective Tax Rate
Restaurants Industry Effective Tax Rate Trends and Statistics
Services Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CMG's Effective Tax Rate Profitability versus Restaurants Industry, Services Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CMG's Competitors
Effective Tax Rate Profit Margin for Chipotle Mexican Grill Inc 's Suppliers
Effective Tax Rate Profit Margin for CMG's Customers

You may also want to know
CMG's Annual Growth Rates CMG's Profitability Ratios CMG's Asset Turnover Ratio CMG's Dividend Growth
CMG's Roe CMG's Valuation Ratios CMG's Financial Strength Ratios CMG's Income taxes expenses / -benefit Growth
CMG's Roa CMG's Inventory Turnover Ratio CMG's Growth Rates CMG's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Jun 30 2024, within Restaurants Industry Effective Tax RateJun 30 2024 MRQ Income taxes expenses / -benefitJun 30 2024 MRQ Pre-Tax Income
First Watch Restaurant Group Inc   35.41 %$ 4.879  Millions$ 13.779  Millions
El Pollo Loco Holdings Inc   29.27 %$ 3.158  Millions$ 10.791  Millions
Portillos Inc   29.07 %$ 3.496  Millions$ 12.026  Millions
Papa John s International Inc   27.66 %$ 4.794  Millions$ 17.330  Millions
Aramark  27.53 %$ 22.080  Millions$ 80.201  Millions
Nathans Famous Inc   27.43 %$ 3.507  Millions$ 12.784  Millions
The Wendy s Company  26.97 %$ 20.180  Millions$ 74.823  Millions
Bab Inc  26.41 %$ 0.054  Millions$ 0.203  Millions
Dine Brands Global inc   25.76 %$ 8.042  Millions$ 31.224  Millions
Denny s Corporation  25.14 %$ 1.198  Millions$ 4.766  Millions
Chipotle Mexican Grill Inc   25.04 %$ 152.243  Millions$ 607.914  Millions
Starbucks Corporation  24.82 %$ 348.600  Millions$ 1,404.300  Millions
Wingstop Inc   24.68 %$ 9.006  Millions$ 36.491  Millions
Shake Shack Inc   23.41 %$ 3.173  Millions$ 13.555  Millions
Mcdonald s Corporation  20.86 %$ 533.000  Millions$ 2,555.000  Millions
Dave and Buster s Entertainment Inc   20.36 %$ 10.300  Millions$ 50.600  Millions
Restaurant Brands International Limited Partnershi  17.56 %$ 85.000  Millions$ 484.000  Millions
Texas Roadhouse inc   14.99 %$ 21.710  Millions$ 144.785  Millions
Dutch Bros Inc   14.84 %$ 3.860  Millions$ 26.016  Millions
Darden Restaurants Inc   13.89 %$ 50.000  Millions$ 360.000  Millions
Chuy s Holdings Inc   13.55 %$ 1.162  Millions$ 8.575  Millions
Flanigan s Enterprises Inc   13.53 %$ 0.282  Millions$ 2.084  Millions
Yum Brands Inc   12.32 %$ 120.000  Millions$ 974.000  Millions
The Cheesecake Factory Incorporated  6.92 %$ 3.900  Millions$ 56.344  Millions
Bloomin Brands Inc   5.42 %$ 1.698  Millions$ 31.329  Millions




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