Chipotle 2013 Annual Report Download - page 11

Information Systems
We use an integrated information system to manage the flow of information within each restaurant and
between the restaurants and our corporate offices and which is accessible remotely by our field staff. This system
includes a point-of-sales local area network that helps facilitate the operations of the restaurant by recording sales
transactions and printing orders in the appropriate locations within the restaurant. Additionally, the point-of-sales
system is used to authorize, batch and transmit credit card transactions, to record employee time clock
information, and to produce a variety of management reports. Select information that is captured from this
system is transmitted to our corporate offices on a daily basis, which enables management to continually monitor
operating results. We believe that our current point-of-sales systems will be an adequate platform to support our
continued expansion. See “Risk Factors—General Business Risks—We may incur costs resulting from security
risks we face in connection with our electronic processing and transmission of confidential customer and
employee information” below for a discussion of certain risks associated with our point-of-sales systems.
Employees
As of December 31, 2013, we had about 45,340 employees, including about 3,740 salaried employees and
about 41,600 hourly employees. None of our employees are unionized or covered by a collective bargaining
agreement.
Available Information
We maintain a website at www.chipotle.com, including an investor relations section at ir.chipotle.com in
which we routinely post important information, such as webcasts of quarterly earnings calls and other investor
events in which we participate or host, and any related materials. Our Code of Conduct is also available in this
section of our website. You may access our annual reports on Form 10-K, quarterly reports on Form 10-Q,
current reports on Form 8-K and amendments to those reports, as well as other reports relating to us that are filed
with or furnished to the SEC, free of charge in the investor relations section of our website as soon as reasonably
practicable after such material is electronically filed with or furnished to the SEC. The public may also read and
copy materials we file with the SEC at the SEC’s Public Reference Room, which is located at 100 F Street, NE,
Room 1580, Washington, DC 20549. You can obtain information on the operation of the Public Reference Room
by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website that contains reports, proxy and
information statements and other information regarding issuers that file electronically with the SEC at
www.sec.gov.
The contents of the websites mentioned above are not incorporated into and should not be considered a part
of this report. The references to the URLs for these websites are intended to be inactive textual references only.
ITEM 1A. RISK FACTORS
Cautionary Note Regarding Forward-Looking Statements
This report includes statements of our expectations, intentions, plans and beliefs that constitute “forward-
looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those
sections. These statements, which involve risks and uncertainties, relate to the discussion of our business
strategies and our expectations concerning future operations, margins, profitability, liquidity and capital
resources and to analyses and other information that are based on forecasts of future results and estimates of
amounts not yet determinable. Forward-looking statements include our projections of the number of restaurants
we expect to open in 2014, our expected comparable restaurant sales results during 2014, our expectations for
food cost inflation and food costs as a percentage of revenue in 2014, statements about potential menu price
increases in 2014, projections of restaurant development costs and other expenses, statements of our intention to
open restaurants in one or more specified locations, statements regarding the potential impact of ongoing
economic uncertainty on our business, statements about possible repurchases of our common stock, forecasts of
9
Annual Report