Corporate GovernanceApr 28, 2026, 09:11 AM
CMG 2026 Proxy Statement Details 'Recipe for Growth' Strategy
AI Summary
Chipotle Mexican Grill (CMG) filed its definitive proxy statement for the 2026 annual meeting, outlining its "Recipe for Growth" strategy focused on operational excellence, brand evolution, technology modernization, global expansion, and talent cultivation. The company reported 2025 revenue of $11.9 billion, a 5.4% increase, and diluted EPS of $1.14, up 2.7%. CMG opened a record 334 new restaurants, grew its Rewards program to over 21 million members, and made several leadership appointments. Shareholders will vote on director elections, executive compensation, and auditor ratification at the virtual meeting on June 11, 2026.
Key Highlights
- Introduced "Recipe for Growth" strategy for long-term growth.
- 2025 Revenue increased 5.4% to $11.9 billion.
- 2025 Diluted EPS rose 2.7% to $1.14.
- Opened record 334 new restaurants in 2025.
- Digital sales comprised 36.7% of total sales.
- Chipotle Rewards members exceeded 21 million.
- Jason Kidd appointed COO; Adam Rymer named CFO.
- Shareholders to vote on 10 director nominees on June 11, 2026.