Shalin Bhandari

Kirandeep Duhra

Mike Papesh

Tuan Truong

Alex Weber

INTERNAL ANALYSIS

Revenue

2004 2005 2006 2007 2008 2009 2010

471628

823

10861332

1518

1836In Millions

2005 2006 2007 2008 2009 20100

500

1000

1500

2000

2500

489 581 704836 955 1084

1,4401,611

1,734 1,763 1,7281,840Revenue Growth

Brand

Best place to eat in San Jose.  Very affordable, delicious and a large sized burrito. 

Clean environment, friendly staff, feels healthy when you eat the bowl version, their chips are actually pretty damn

good.

You can't go wrong with Chipotle. 

31%Food & Bevera

ge

25%

Labor

34%

OtherStuff

10%

Profit!

2010

2007

2004

31%

32%

33%

25%

27%

30%

34%

34%

35%

10%

6%

1%Food, beverage and packagingLaborOther Costs & ExpensesNet income

Cost Analysis

2010

2009

2008

2007

2006

2005

2004

31%

31%

32%

32%

31%

32%

33%

25%

25%

26%

27%

28%

28%

30%

7%

8%

7%

7%

7%

8%

8%

11%

11%

12%

12%

12%

13%

14%

6%

7%

7%

7%

8%

8%

10%

4%

4%

4%

4%

4%

4%

5%

6%

5%

4%

4%

3%

1%

10%

8%

6%

6%

5%

6%

1%

Cost Analysis

Food, beverage and packaging LaborRent Other operating costsGeneral and administrative expenses Depreciation and amortizationProvision for income taxes Net income

APPENDIX