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CHIPOTLE RAISES FULL YEAR COMPARABLE SALES GUIDANCE ON STRONG Q2 MOMENTUM
Chipotle • • business
Key Points:
- Chipotle Mexican Grill reported a 9.3% increase in total revenue to $3.3 billion for Q2 2026, driven by new restaurant openings and a 2.2% rise in comparable restaurant sales, marking the second consecutive quarter of improving transaction growth.
- The company opened 100 new company-owned restaurants in Q2 2026, with 80 featuring Chipotlanes, which continue to enhance guest convenience and contribute to higher sales, margins, and returns.
- Operating margin decreased to 15.7% from 18.2%, and restaurant-level operating margin fell to 25.2% from 27.4%, primarily due to inflationary pressures on food, beverage, packaging, and labor costs despite menu price increases.
- Net income was $403.5 million, flat on a per-share basis at $0.32 diluted EPS, with adjusted diluted EPS also steady at $0.33; the company repurchased $630.7 million of stock during the quarter and retains $1.7 billion available for future buybacks.
- For full-year 2026, Chipotle expects low single-digit comparable restaurant sales growth, plans to open 350 to 370 new restaurants (including 10 to 15 international partner-operated locations), and anticipates an effective tax rate between 24% and 26%.
