Quarterly ResultApr 29, 2026, 04:48 PM
CMG Q1 Revenue +7.4% to $3.1B; Comp Sales +0.5%; EPS $0.23
AI Summary
Chipotle Mexican Grill reported first quarter 2026 financial results, with total revenue increasing 7.4% to $3.1 billion and comparable restaurant sales growing 0.5%, driven by positive transactions. Despite revenue growth, operating margin decreased to 12.9% and diluted earnings per share fell 17.9% to $0.23. The company opened 49 new restaurants and repurchased $700.8 million in stock, while providing a 2026 outlook for flat full-year comparable restaurant sales.
Key Highlights
- Total revenue increased 7.4% to $3.1 billion.
- Comparable restaurant sales increased 0.5%, driven by 0.6% higher transactions.
- Diluted earnings per share decreased 17.9% to $0.23.
- Operating margin was 12.9%, a decrease from 16.7% in Q1 2025.
- Opened 49 company-owned restaurants, with 42 locations including a Chipotlane.
- Repurchased $700.8 million of stock during the quarter.
- Anticipates full year 2026 comparable restaurant sales to be about flat.
- Projects 350 to 370 new restaurant openings for full year 2026.