Chipotle's earnings call reflects a mixed sentiment with some positive aspects such as sales growth, digital engagement, and international expansion, but also significant challenges including declining comparable sales, margin pressure, and a difficult consumer environment.

Company Guidance -

Q3 2025

During Chipotle Mexican Grill's second quarter fiscal 2025 earnings call, the company reported a 3% increase in sales, reaching $3.1 billion, despite a 4% decline in comparable sales. Digital sales accounted for 35.5% of total sales, and the restaurant-level margin fell by 150 basis points year-over-year to 27.4%. Adjusted diluted EPS decreased by 3% to $0.33 compared to the previous year. The company opened 61 new restaurants, including 47 Chipotlanes, and noted a slowdown in May that was later offset by summer marketing initiatives, leading to positive comp and transaction trends by the end of the quarter. Chipotle plans to keep comparable sales about flat for the full year, with a focus on maintaining its $10 value proposition for meals like the Chicken Bowl or Burrito. Their strategy includes enhancing operations, expanding digital engagement, and introducing new menu items to drive growth and maintain their competitive edge.

Sales Growth

Sales for the second quarter grew 3% year-over-year to reach $3.1 billion.

Digital Sales Contribution

Digital sales accounted for 35.5% of total sales.

New Restaurant Openings

Chipotle opened 61 new restaurants, including 47 Chipotlanes.

International Expansion

Strong growth and positive feedback in Canada and Europe, with particular success in the Middle East where revenue surpassed the average unit volume in the US.

Supply Chain Efficiencies

Cost of sales efficiencies more than offset inflation, benefiting from lower-than-expected avocado prices and other supply chain initiatives.

Successful Marketing Initiatives

Summer of Extras drove a 14% year-over-year increase in enrollments with 5 million participants.

Chipotle (CMG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CMG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.30 / -	0.27	―	―	―
Jul 23, 2025	2025 (Q2)	0.33 / 0.33	0.34	-2.94% (-0.01)	―
Apr 23, 2025	2025 (Q1)	0.28 / 0.29	0.267	8.61% (+0.02)	―
Feb 04, 2025	2024 (Q4)	0.24 / 0.25	0.207	20.77% (+0.04)	―
Oct 29, 2024	2024 (Q3)	0.25 / 0.27	0.227	18.94% (+0.04)	―
Jul 24, 2024	2024 (Q2)	0.32 / 0.34	0.253	34.39% (+0.09)	―
Apr 24, 2024	2024 (Q1)	0.23 / 0.27	0.21	27.14% (+0.06)	―
Feb 06, 2024	2023 (Q4)	0.19 / 0.21	0.166	24.70% (+0.04)	―
Oct 26, 2023	2023 (Q3)	0.21 / 0.23	0.19	19.47% (+0.04)	―
Jul 26, 2023	2023 (Q2)	0.25 / 0.25	0.186	36.02% (+0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CMG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$52.78	$45.74	-13.34%
Apr 23, 2025	$48.76	$49.54	+1.60%
Feb 04, 2025	$59.02	$57.51	-2.56%
Oct 29, 2024	$60.49	$55.73	-7.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.