Chipotle Reports Earnings Beat, Raises Full-Year Outlook
Chipotle Mexican Grill (NYSE:CMG) reported second-quarter 2026 results that exceeded Wall Street expectations. The company posted adjusted earnings of $0.33 per share and revenue of $3.35 billion—both slightly above forecasts. Revenue grew by 9.3% year-over-year, driven by new restaurant openings and higher comparable sales. Digital orders now account for nearly 38% of food and beverage revenue. Despite a decline in operating margin to 15.7%, due to rising costs such as beef, labor, and freight, Chipotle remains optimistic about its growth strategy. CEO Scott Boatwright highlighted progress from the company's Recipe for Growth plan, including menu innovation and expanded drive-thru capabilities through Chipotlane locations. For 2026, management raised its outlook, expecting low single-digit comparable sales growth and plans to open between 350-370 new restaurants. The stock rose nearly 13% following the report.
Tickers: $CMG
Topics: earnings restaurant industry revenue growth stock performance