01—Abstract
Summary
Summary of the 10-Q filed July 31, 2026. Cited figures are marked; the original filing is the authoritative source.
Chipotle Mexican Grill, Inc. (CMG) reported its financial results for the quarter ended June 30, 2026.
Total revenue increased by 9.3% year-over-year to $3.3 billiona, driven by a 2.2% increase in comparable restaurant sales. While diluted earnings per share remained flat at $0.32, this reflects strategic investments and share repurchases.
The company continues to expand its footprint, opening 100 new restaurants in the quarter, with 80 featuring Chipotlanes, underscoring a commitment to drive growth through strategic site selection and enhanced customer convenience. Despite facing headwinds such as a 1.2%b increase in food, beverage, and packaging costs and a 0.3% increase in labor costs as a percentage of revenue, Chipotle's operational efficiency and menu pricing strategies helped mitigate some of these pressures.
02—Key points
Key Highlights
- Total revenue grew 9.3% to $3.3 billion for the quarter ended June 30, 2026.
- Comparable restaurant sales increased by 2.2%, indicating sustained customer demand.
- Diluted Earnings Per Share (EPS) remained stable at $0.32.
- The company opened 100 new restaurants, with 80 featuring Chipotlanes, highlighting expansion and innovation in store formats.
- Food, beverage, and packaging costs increased by 0.8% as a percentage of total revenue, primarily due to inflation in beef and freight.
- Labor costs rose by 0.3% as a percentage of total revenue, driven by wage inflation and performance-based bonuses.
- Chipotle continues its significant share repurchase program, with $1.7 billion authorized for future repurchases.
03—Questions
Frequently Asked Questions
What is Chipotle's revenue growth for the quarter?
Chipotle reported a 9.3% increase in total revenue, reaching $3.3 billion for the three months ended June 30, 2026.
How did comparable restaurant sales perform?
Comparable restaurant sales increased by 2.2% for the quarter ended June 30, 2026, driven by a 1.2% increase in average check and a 1.0% increase in transactions.
What is the company's outlook on expansion?
Chipotle remains committed to growth, opening 100 new company-owned restaurants during the quarter, with 80 of these featuring the popular Chipotlane drive-thru concept.
Are there any significant cost pressures impacting the business?
Yes, Chipotle experienced increased costs in food, beverage, and packaging (up 0.8% as a percentage of revenue) due to inflation and labor costs (up 0.3% as a percentage of revenue) driven by wage inflation and bonuses. These were partially offset by menu price increases and cost efficiencies.
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