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Chipotle Mexican Grill (CMG) Q2 2026 earnings
CNBC • • business
Key Points:
- Chipotle Mexican Grill raised its same-store sales growth forecast for 2026 to a low single-digit percentage increase, up from a previous outlook of flat sales.
- The company reported second-quarter earnings per share of 33 cents, beating analyst expectations of 32 cents, and revenue of $3.35 billion, slightly above the $3.33 billion forecast.
- Same-store sales increased 2.2% in the quarter, driven by a 1% rise in customer traffic and a 1.2% increase in average check size.
- Despite economic pressures like rising gas prices, Chipotle is attracting more customers through menu innovation, loyalty programs, enhanced hospitality, and expanding group dining options.
- The company opened 100 new locations and one international restaurant during the quarter, contributing to its growth momentum.
