3 Jun 2025 9:56 am
Chipotle is having quite the run since Covid. Even more amazing they are posting these numbers after eating a good portion of inflation (if they are).LowIQTrash » Today, 1:09 am » wrote: ↑ Corporate income taxes are levied on profit, not revenue.
In the real world, Chipotle ABSORBS 25-40% of enflaYshUN, which you conjobs agree is a (universal) tax - mainly on consumption.
In the real world Chipotle decides to abide lower net profit (incl the tax expense) because nobody wants to pay $16 for a chicken burrito. No business owner who owns a successful business is going to close shop b/c of this reduction - in the case of Chipotle, shareholders will live with lower share prices / lower or negative investment returns depending on their entry price (which is exactly what’s happening).
2024: Net income was approximately $1.23 billion.
2023: Annual operating income was $1.558B, a 34.25% increase from 2022.
2022: Annual operating income was $1.16B, a 44.16% increase from 2021.
2025 (Q1): The 12-month operating income ending March 31, 2025, was $1.954B, a 19.78% increase year-over-year.
Chipotle Mexican Grill annual gross profit for 2024 was $3.018B, a 16.69% increase.
Chipotle Mexican Grill annual gross profit for 2023 was $2.586B, a 25.41% increase from 2022.
Chipotle Mexican Grill annual gross profit for 2022 was $2.062B, a 20.8% increase from 2021.
At this point, raising the corporate tax rate 6-8% is like throwing a glass of water in the ocean.
The CPI combined since 2015 is like 65%, I have seen your 100% on some items, bread being one of those items. I noticed the regular shelf price of a 12 pack of coke the other day, $10.99!
Where it all ends up? I have no idea!