The earnings call reflects a mixed performance. While there are notable achievements in expansion efforts and digital engagement, the company faces challenges with declining comparable sales and margins, primarily due to a challenging consumer environment.

Company Guidance -

Q3 2025

During the second quarter of fiscal 2025, Chipotle Mexican Grill reported a 3% increase in sales, reaching $3.1 billion, despite a 4% decline in comparable sales. Digital sales constituted 35.5% of total sales. The restaurant-level margin fell by 150 basis points year-over-year to 27.4%, and adjusted diluted EPS experienced a 3% decline to $0.33. The company opened 61 new restaurants, 47 of which featured Chipotlanes. Looking ahead, Chipotle anticipates flat comparable sales for the full year due to ongoing consumer environment volatility. However, they are optimistic about returning to mid-single-digit comps and achieving $4 million in average unit volumes (AUVs) through strategies focused on operations, marketing, digital experience, and new menu innovations. Chipotle also aims to expand by opening 315 to 345 new restaurants in 2025, with an eye on international growth, notably in Canada, Europe, and the Middle East.

New Restaurant Openings and Chipotlane Expansion

Chipotle opened 61 new restaurants in the U.S. and Canada, including 47 Chipotlanes. This marks a record for the second quarter.

International Expansion Progress

Chipotle has nearly tripled its business in Canada over the last 5 years and reported positive consumer feedback and improving economics in Europe. The Middle East restaurant in Kuwait surpassed average U.S. unit volumes.

Strong Engagement in Digital and Rewards Program

The Summer of Extras program engaged 5 million participants, with 40% transacting, showing a 14% year-over-year increase in enrollments.

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

Daily Earnings Calendar >

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.