CHIPOTLE ANNOUNCES FIRST QUARTER 2026 RESULTS
Chipotle • • business
Key Points:
- Chipotle Mexican Grill reported a 7.4% increase in total revenue to $3.1 billion for Q1 2026, driven by new restaurant openings and a 0.5% rise in comparable restaurant sales due to higher transactions.
- Operating margin declined to 12.9% from 16.7%, and adjusted restaurant level operating margin decreased to 23.7% from 26.2%, reflecting increased food, labor, and administrative costs.
- Diluted earnings per share fell 17.9% to $0.23, while adjusted diluted earnings per share decreased 17.2% to $0.24, compared to the same quarter in 2025.
- The company opened 49 new company-owned restaurants in Q1 2026, with 42 featuring Chipotlanes, which continue to boost guest convenience and sales performance.
- For 2026, Chipotle expects flat comparable restaurant sales, plans to open 350 to 370 new restaurants including international partner-operated locations, and anticipates an effective tax rate between 24% and 26%.
