Chipotle Mexican Grill — Third Quarter 2026 Earnings Summary

Chipotle Mexican Grill reported third-quarter 2026 total revenue of $3.3 billion, representing a 9.6% year-over-year increase driven by new restaurant openings and a 2.1% rise in comparable restaurant sales. The company opened 84 company-owned locations, including 53 with Chipotlanes, while diluted earnings per share declined 6.9% to $0.27 due to higher labor costs and general administrative expenses. Food, beverage, and packaging costs decreased to 29.5% of revenue, whereas labor costs rose to 25.7% amid wage inflation and increased insurance expenses. Management maintains its full-year 2026 comparable sales growth guidance in the low single-digit range and anticipates 350 to 370 new restaurant openings for the year.