Quarterly ResultApr 30, 2026, 06:07 AM
CMG Q1 Revenue +7.4% to $3.09B; EPS $0.23, down 17.9%
AI Summary
Chipotle Mexican Grill reported a 7.4% increase in total revenue to $3.09 billion for the first quarter of 2026. However, diluted earnings per share decreased by 17.9% to $0.23. Comparable restaurant sales rose by a modest 0.5%, primarily due to a 0.6% increase in transactions. The company opened 49 new restaurants, with 42 featuring Chipotlanes, and repurchased $700.8 million of its common stock. Management anticipates full-year 2026 comparable restaurant sales to be approximately flat and plans to open 350-370 new restaurants.
Key Highlights
- Total revenue increased 7.4% to $3.09 billion for Q1 2026.
- Diluted earnings per share decreased 17.9% to $0.23.
- Comparable restaurant sales increased 0.5%, driven by transaction growth.
- Repurchased $700.8 million of common stock; $1.01 billion remains authorized.
- Opened 49 new company-owned restaurants, 42 with Chipotlanes.
- Forecasts full-year 2026 comparable restaurant sales to be about flat.
- Projects 350-370 new restaurant openings in 2026.
- Net cash provided by operating activities rose to $651.4 million.
Price Impact
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