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Chipotle Mexican Grill (CMG) Q3 2026 earnings
CNBC • • business
Key Points:
- Chipotle Mexican Grill reported mixed fiscal third-quarter results, with adjusted earnings per share of 27 cents missing the expected 29 cents, while revenue met expectations at $3.29 billion.
- Net income declined to $339.9 million from $382.1 million a year earlier, and the restaurant-level operating margin dropped from 24.5% to 23.3%.
- Net sales increased 9.6%, driven by the opening of 84 new company-owned restaurants and five international licensed locations, despite some sales pullback due to food safety concerns related to cyclospora and a salmonella outbreak.
- Same-store sales grew 2.1%, marking the third consecutive quarter of growth, supported by a 1.3% increase in average check size.
- Chipotle reaffirmed its full-year guidance for low single-digit same-store sales growth and projects opening 340 to 360 new U.S. and Canadian locations, plus 15 to 25 international restaurants by 2027.
