Chipotle Mexican Grill Reports Third Consecutive Quarter of Comparable-Store Sales Growth
Chipotle Mexican Grill (CMG) has demonstrated a successful turnaround, recording its third straight quarter of comparable-store sales growth in 2026. While revenue rose nearly 10% to $3.29 billion, adjusted earnings per share (EPS) fell 7% to $0.27 due to inflationary pressures, including wage inflation and higher labor costs. The company's restaurant-level operating margin also saw a decline of 120 basis points to 23.3%. To combat these headwinds, Chipotle plans to implement a 3% price increase in the fourth quarter. Growth is expected to be driven by new menu items like brisket and a robust loyalty program that now accounts for over 33% of sales with 24 million active members. The company continues its aggressive expansion, aiming to open between 350 and 370 new restaurants throughout the year, including significant international growth in markets like Mexico and Saudi Arabia.
Tickers: $CMG
Topics: comparable-store sales earnings report fast food industry inflationary pressures