Chipotle Mexican Grill (CMG) risk factors: FY2025 10-K

1. Food safety and food-borne illness concerns may have an adverse effect on our business by negatively impacting our brand, decreasing sales and increasing costs.
2. The restaurant industry is highly competitive. If we are not able to compete successfully, our business, financial condition and results of operations would be adversely affected.
3. Our use of third-party delivery services may not be profitable and substandard service may negatively impact our reputation.

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1. If we are not able to hire, train and retain qualified restaurant employees and/or appropriately plan our workforce, our growth plan and profitability could be adversely affected.reworded
2. If we fail to comply with applicable employment and labor laws and regulations, it could have a material, adverse impact on our business.
3. Increases in the cost of labor, including mandated minimum wage increases and increases in the cost of health benefits, could adversely impact our business and profitability.
4. A failure to recruit, develop and retain effective leaders or the loss or shortage of management personnel with key capacities and skills could impact our strategic growth plans and jeopardize our ability to meet our business performance expectations and growth targets.

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1. We are heavily dependent on information technology systems and failures or interruptions in our IT systems could harm our ability to effectively operate our business and/or result in the loss of guests or employees.reworded
2. Breaches or other unauthorized access, theft, modification or destruction of guest and/or employee personal information, or Chipotle confidential or proprietary information that is stored in our information technology systems or by third parties could damage our reputation and expose us to potential liabilities and loss of revenue.reworded
3. If we fail to fully comply with privacy and data protection laws and regulations, we could incur significant civil and criminal penalties and liabilities, suffer reputational damage, and adverse publicity.

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1. Increases in the costs of ingredients, restaurant equipment and other materials could adversely affect our financial results.
2. Shortages or interruptions in the supply of ingredients could adversely affect our operating results.
3. If our supply chain capacity does not expand to support our new restaurant growth, our long-term growth goals could be impaired or delayed.reworded

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1. We could be party to litigation or other legal proceedings that could adversely affect our business, results of operations and reputation.
2. We are subject to extensive laws, government regulation, and other legal requirements and our failure to comply with existing or new laws and regulations could adversely affect our operational efficiencies, ability to attract and retain talent and results of operations.

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1. If we are unable to meet our new restaurant opening goals, or maintain the attractiveness of our existing restaurants, our profitability could suffer.
2. Our failure to effectively manage and support our growth could have a negative adverse effect on our business and financial results.
3. If we partner with third parties or acquire new businesses that do not align with our core values or that do not fulfill their contractual responsibilities and commitments, our brand reputation and international growth plans could suffer.

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1. We are subject to evolving public disclosure obligations, including with respect to sustainability matters, which could expose us to numerous risks and could adversely affect our reputation and results of operations.reworded
2. Climate change and volatile adverse weather conditions could adversely affect our restaurant sales or results of operations.

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1. Our financial condition and results of operations have been, and may continue to be, adversely affected by a number of macroeconomic and other factors, many of which are largely outside our control.new
2. Failure to meet market expectations for our financial performance or any announced guidance will likely adversely affect the market price and increase the volatility of our stock, and fluctuations in the stock market as a whole may also impact the market price and volatility of our stock.new

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Headings in the FY2024 10-K with no match this year.

1. Our investments in technology and automation to transform and enhance the experience of our employees and guests may not generate the expected results.
2. The market price of our common stock may be more volatile than the market price of our peers.
3. Economic and business factors that are largely beyond our control may adversely affect consumer behavior and our financial results.
4. Our quarterly financial results may fluctuate significantly, including due to factors that are not in our control.