Earnings Releases·Oct 28, 2026, 4:10 PM ET

Chipotle Mexican Grill — Third Quarter 2026 Earnings Summary

Total revenue rose 9.6% year-over-year to $3.3 billion, driven by a 2.1% increase in comparable restaurant sales, though diluted EPS declined 6.9% to $0.27 and operating margins contracted to 13.7% from 15.9% due to rising labor costs and G&A expenses.
Management reaffirmed 2026 guidance for low single-digit comparable sales growth and 350–370 new openings, while projecting 340–360 new U.S./Canada locations and 15–25 international openings for 2027.
The company expanded its global footprint by entering three new markets and opening 84 company-owned restaurants (53 with Chipotlanes), while digital sales grew to 38.8% of total revenue.
Capital return activity included $110.0 million in stock repurchases during the quarter, leaving $1.6 billion available under existing authorizations.