Earnings summaries and quarterly performance for CHIPOTLE MEXICAN GRILL.
Executive leadership at CHIPOTLE MEXICAN GRILL.
Scott Boatwright
Detailed
Chief Executive Officer
CEO
AR
Adam Rymer
Detailed
Chief Financial Officer
CB
Chris Brandt
Detailed
President, Chief Brand Officer
CG
Curt Garner
Detailed
President, Chief Strategy and Technology Officer
IE
Ilene Eskenazi
Detailed
Chief Human Resources Officer
JK
Jason Kidd
Detailed
Chief Operating Officer
LS
Laurie Schalow
Detailed
Chief Corporate Affairs and Food Safety Officer
MB
Matthew Bush
Detailed
Principal Accounting Officer
RT
Roger Theodoredis
Detailed
Chief Legal Officer and General Counsel
Board of directors at CHIPOTLE MEXICAN GRILL.
Research analysts who have asked questions during CHIPOTLE MEXICAN GRILL earnings calls.
DP
David Palmer
Evercore ISI
6 questions for CMG
Also covers: BGS, BRBR, CAG +21 more
Lauren Silberman
Deutsche Bank
6 questions for CMG
Also covers: BLMN, CAKE, DPZ +13 more
SS
Sara Senatore
Bank of America
6 questions for CMG
Also covers: BLMN, BROS, CAKE +21 more
Danilo Gargiulo
AllianceBernstein
5 questions for CMG
Also covers: CAVA, DPZ, DRI +7 more
DG
Dennis Geiger
UBS
5 questions for CMG
Also covers: BLMN, BROS, CAKE +18 more
SZ
Sharon Zackfia
William Blair & Company
5 questions for CMG
Also covers: BIRK, BJRI, BROS +16 more
AC
Andrew Charles
TD Cowen
4 questions for CMG
Also covers: BROS, CAVA, DPZ +13 more
BB
Brian Bittner
Oppenheimer & Co.
4 questions for CMG
Also covers: BJRI, CAKE, DPZ +11 more
Brian Harbour
Morgan Stanley
4 questions for CMG
Also covers: BLMN, BROS, CAKE +21 more
DT
David Tarantino
Robert W. Baird & Co.
4 questions for CMG
Also covers: ATKR, BROS, CAKE +18 more
CO
Chris O'cull
Stifel Financial Corp
3 questions for CMG
Also covers: BROS, CAVA, DPZ +11 more
HJ
Hyun Jin Cho
Goldman Sachs
3 questions for CMG
Also covers: DRI, EAT, JACK +6 more
John Ivankoe
JPMorgan Chase & Co.
3 questions for CMG
Also covers: BLMN, BROS, CAKE +13 more
Andrew North
Robert W. Baird & Co.
2 questions for CMG
Also covers: CAKE, JACK, SHAK
Anisha Datt
Barclays
2 questions for CMG
Also covers: CAKE, QSR, TXRH
JT
Jon Tower
Citigroup
2 questions for CMG
Also covers: BJRI, BLMN, CAKE +17 more
ZO
Zach Ogden
TD Cowen
2 questions for CMG
Also covers: DRI, FWRG, KRUS +2 more
CC
Christine Cho
Goldman Sachs Group
1 question for CMG
Also covers: BEP, BEPC, BLMN +22 more
CO
Christopher O'Cull
Stifel, Nicolaus & Company
1 question for CMG
Also covers: BROS, CAVA, DPZ +13 more
Gregory Francfort
Guggenheim Securities
1 question for CMG
Also covers: BROS, DPZ, DRI +10 more
Jacob Aiken-Phillips
Melius Research
1 question for CMG
Also covers: ACI, BROS, CASY +9 more
JB
Jeffrey Bernstein
Barclays
1 question for CMG
Also covers: BJRI, BLMN, BROS +22 more
Zachary Fadem
Wells Fargo
1 question for CMG
Also covers: AAP, AZO, DPZ +11 more
Recent press releases and 8-K filings for CMG.
Chipotle opens 4,000th restaurant in Kansas
CMG
Guidance Update
New Projects/Investments
- Chipotle inaugurated its 4,000th restaurant in Manhattan, Kansas, marking a key rollout milestone for the brand.
- Since 2017, restaurant count has risen from ~2,300 to 4,000, a 70% increase over eight years.
- Company plans to open 315–345 new locations in 2025 (≥80% with Chipotlane) and 350–370 in 2026 (including 10–15 international partner sites).
- International footprint exceeds 100 restaurants (75 Canada, 28 Europe, 11 Middle East); first Chipotlane outside North America launched in Kuwait, with expansion deals in Mexico, South Korea and Singapore set for 2026.
Dec 12, 2025, 12:53 PM
CMG announces Normal Course Issuer Bid
CMG
Share Buyback
- Computer Modelling Group Ltd. (TSX: CMG) has launched a 12-month NCIB to repurchase up to 4,136,475 common shares (5% of its outstanding shares as of November 3, 2025) from November 14, 2025, to November 13, 2026.
- Daily purchases are capped at 53,297 shares (25% of its six-month average daily trading volume of 213,191 shares), excluding permitted block trades.
- All repurchased shares will be acquired on the TSX or alternative Canadian trading systems at market prices and will be cancelled, increasing the equity interest of remaining shareholders.
- The NCIB is supported by an automatic share purchase plan pre-cleared by the TSX to allow repurchases during blackout periods, reflecting the Board’s view that the market price may not fully reflect CMG’s value.
Nov 11, 2025, 10:00 PM
SoundHound AI reports record Q3 revenue of $42M
CMG
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Reported Q3 2025 revenue of $42.0 million, up 68% year-over-year
- Raised full-year 2025 revenue outlook to $165 – $180 million
- Ended Q3 with $269 million in cash and cash equivalents and no debt
- GAAP net loss of $109.3 million; non-GAAP net loss of $13.0 million
Nov 6, 2025, 9:04 PM
Chipotle reports Q3 2025 earnings
CMG
Earnings
Guidance Update
Share Buyback
- Sales grew 7.5% to $3.0 billion, with comps up 0.3%, digital sales comprising 36.7% of total, restaurant-level margin down 100 bps to 24.5%, and adjusted EPS of $0.29; opened 84 new restaurants (64 Chipotlanes)
- Consumer demand pressures led management to lower full-year comp guidance to a low single-digit decline, and inflation is expected in the mid-single-digit range in 2026, with no planned full offset via pricing
- Q3 cost of sales improved 60 bps to 30% despite tariffs (~30 bps); labor rose to 25.2%, and marketing increased to 3% of sales; Q4 outlook: cost of sales high-30s%, labor high-25%, marketing ~3%
- Repurchased $687 million of stock in Q3 (YTD $1.67 billion), with $652 million remaining authorization
Oct 29, 2025, 8:30 PM
Chipotle announces Q3 2025 results
CMG
Earnings
Guidance Update
Demand Weakening
- Sales grew 7.5% to $3.0 billion with a 0.3% comp increase, digital sales at 36.7%, restaurant-level margin of 24.5% (-100 bps), and adjusted EPS of $0.29; opened 84 new restaurants in the quarter.
- Now expect full-year comps to decline low single-digits; inflation accelerating to mid-single digits in 2026, which will not be fully offset by pricing to preserve value and support margins.
- Persistent consumer headwinds: guests with household income below $100 k (≈40% of sales) are reducing visits, especially ages 25-35, amid intensified promotional activity industry-wide.
- Five strategic priorities—operations, people leadership, brand marketing, technology innovation, and expansion—are being executed via system-wide retraining, HEAP equipment rollout, and accelerated menu and digital initiatives to drive transaction growth.
Oct 29, 2025, 8:30 PM
Chipotle reports Q3 2025 results
CMG
Earnings
Guidance Update
Demand Weakening
- Q3 sales grew 7.5% to $3.0 billion, comps up 0.3%; restaurant-level margin was 24.5% (–100 bps), and adjusted diluted EPS was $0.29 (+7%)
- Full-year comps now expected to decline in the low single-digit range; price roll-off of ~2 pts in December; for Q4, cost of sales in the high 30%, labor in high 25%, marketing at 3%, and other operating costs at 15%
- Inflation accelerating into the mid-single-digit range for 2026; company will take a slow, measured approach to pricing and will not fully offset inflation near term to preserve value gap
- Menu and digital initiatives—including carne asada, Red Chimichurri, and promotions like Summer of Extras and Chipotle IQ—have driven transactions; plans to accelerate culinary innovation (3–4 LTOs) and expand the rewards program
- Opened 84 new restaurants in Q3 (64 Chipotlanes); expects 350–370 new openings in 2026 (including 10–15 international partner units) and remains on track for 7,000 total restaurants long term
Oct 29, 2025, 8:30 PM
Chipotle reports Q3 2025 results
CMG
Earnings
Share Buyback
- Total revenue of $3.0 billion, up 7.5% year-over-year
- Comparable restaurant sales increased 0.3% year-over-year
- Operating margin was 15.9%, down from 16.9% in Q3 2024
- Diluted earnings per share of $0.29, a 3.6% increase from Q3 2024
- Repurchased $686.5 million of stock during the quarter
Oct 29, 2025, 8:12 PM
Chipotle announces Q3 2025 results
CMG
Earnings
Share Buyback
Guidance Update
- Total revenue $3.0 billion, up 7.5% year-over-year; comparable restaurant sales increased 0.3% driven by a 1.1% lift in average check.
- Operating margin 15.9%, down from 16.9%; restaurant-level operating margin 24.5%, down from 25.5%.
- Net income of $382.1 million and diluted EPS of $0.29, a 3.6% increase (adjusted EPS $0.29, up 7.4%).
- Opened 84 company-owned restaurants (including 64 with Chipotlanes) and repurchased $686.5 million of shares in the quarter, with $652.3 million still available.
- 2025 outlook: low-single-digit comparable sales decline and 315–345 new restaurants; 2026 plan calls for 350–370 openings.
Oct 29, 2025, 8:10 PM
Chipotle unveils new family meal ordering program, reiterates growth and buyback plans
CMG
Product Launch
Guidance Update
Share Buyback
- Chipotle launched a build-your-own family meal program priced around $8.50 per person, with a $10 first-order discount through October 21st to boost value perception.
- CEO Scott Boatwright reaffirmed the goal of returning to mid-single-digit same-store sales growth and plans to open 315–345 new restaurants this year (8–10% unit growth).
- The company is increasing share repurchases, having bought back $430 million of stock at an average basis of $50 and intends to be more aggressive in buybacks this year.
- Management will evolve its media strategy and enhance both in-restaurant and digital experiences to better communicate Chipotle’s value proposition to consumers.
Aug 27, 2025, 11:46 PM
Chipotle outlines strategy amid cautious consumer spending
CMG
Demand Weakening
Product Launch
New Projects/Investments
- Reduced customer frequency as macro uncertainties lead regular patrons to visit 1–2 times/week down from 2–3 times/week previously.
- Maintained fast casual market share gains, despite a slowdown in May among low-income consumers; no share loss to other fast casual or QSRs.
- Menu innovations include Adobo Ranch launched in summer and upcoming dips and hot honey chicken, slated for the 2026 marketing calendar.
- Investing in operational tech: piloting an AI vision system for line efficiency and rolling out a high-efficiency equipment package (dual-sided plancha, produce slicer, dual-vat fryer, rice cooker) in 160 restaurants.
- International expansion with Alshaya in the Middle East and a Monterrey, Mexico debut in Q1–Q2 2026 via an Alsea partnership, using the same menu and supply chain.
Aug 18, 2025, 12:01 PM
Quarterly earnings call transcripts for CHIPOTLE MEXICAN GRILL.
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