# CHIPOTLE MEXICAN GRILL INC (CMG) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from CHIPOTLE MEXICAN GRILL INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/CMG/mda/fy2025/): filed 2026-02-04; accession 0001058090-26-000009 (https://www.sec.gov/Archives/edgar/data/1058090/000105809026000009/cmg-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/CMG/mda/fy2024/): filed 2025-02-05; accession 0001058090-25-000014 (https://www.sec.gov/Archives/edgar/data/1058090/000105809025000014/cmg-20241231.htm)
- [FY 2023 MD&A](/company/CMG/mda/fy2023/): filed 2024-02-08; accession 0001562762-24-000023 (https://www.sec.gov/Archives/edgar/data/1058090/000156276224000023/cmg-20231231x10k.htm)
- [FY 2022 MD&A](/company/CMG/mda/fy2022/): filed 2023-02-09; accession 0001058090-23-000010 (https://www.sec.gov/Archives/edgar/data/1058090/000105809023000010/cmg-20221231x10k.htm)
- [FY 2021 MD&A](/company/CMG/mda/fy2021/): filed 2022-02-11; accession 0001058090-22-000011 (https://www.sec.gov/Archives/edgar/data/1058090/000105809022000011/cmg-20211231x10k.htm)

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