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Chipotle Mexican Grill Inc (CMG) stock

CMGNYSERetail-Eating PlacesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026Score 17/3027% below fair value
$31.89+0.61 (+1.95%)

Close on Oct 30, 2026Market cap $40.35BP/E 29.3Yield –

Earnings

Chipotle Mexican Grill's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 2, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$3.30B
+10.0% on a year earlier
Adjusted diluted earnings per share, Q3 FY2026
$0.27
$0.29 a year earlier
Latest guidance
Lowered
Oct 28, 2026 · 6 items

Quarterly results

Revenue and earnings per share from each of Chipotle Mexican Grill's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 2, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 28, 2026after the close$3.30B+10.0%$0.27$0.27Release
Q2 FY2026ended Jun 30, 2026Jul 29, 2026after the close$3.30B+6.5%$0.32$0.33Release
Q1 FY2026ended Mar 31, 2026Apr 29, 2026after the close$3.10B+6.9%$0.23$0.24Release
Q4 FY2025ended Dec 31, 2025Feb 3, 2026after the close$3.00B+7.1%$0.25$0.25Release
Q3 FY2025ended Sep 30, 2025Oct 29, 2025after the close$3.00B+7.1%$0.29$0.29Release
Q2 FY2025ended Jun 30, 2025Jul 23, 2025after the close$3.10B+3.3%$0.32$0.33Release
Q1 FY2025ended Mar 31, 2025Apr 23, 2025after the close$2.90B+7.4%$0.28$0.29Release
Q4 FY2024ended Dec 31, 2024Feb 4, 2025after the close$2.80B+12.0%$0.24$0.25Release
Q3 FY2024ended Sep 30, 2024Oct 29, 2024after the close$2.80B+12.0%$0.28$0.27Release
Q2 FY2024ended Jun 30, 2024Jul 24, 2024after the close$3.00B+20.0%$0.33$0.34Release
Q1 FY2024ended Mar 31, 2024Apr 24, 2024after the close$2.70B+12.5%$13.01$13.37Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Chipotle Mexican Grill's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
international partner-operated restaurantsFY202610 – 15–LoweredOct 28, 2026
new company-owned restaurants will have a ChipotlaneFY202680%–NewOct 28, 2026
new restaurant openingsFY2026350 – 370–NewOct 28, 2026
new restaurant openingsFY2026350 – 370350 – 370ReaffirmedJul 29, 2026
underlying effective full year tax rateFY202624% – 26%–NewApr 29, 2026
underlying effective full year tax rate before discrete itemsnon-GAAPFY202624% – 26%–NewFeb 3, 2026
underlying full year effective tax ratenon-GAAPFY202624% – 26%–NewOct 28, 2026
underlying full year effective tax rate before discrete itemsFY202624% – 26%–ReaffirmedJul 29, 2026
company-owned and partner-operated restaurants outside the U.S. and CanadaFY202715 – 25–LoweredOct 28, 2026
new company-owned restaurant openings in the U.S. and CanadaFY2027340 – 360–NewOct 28, 2026

Guidance history

Every forecast Chipotle Mexican Grill put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 28, 2026new restaurant openingsFY2026350 – 370New
Oct 28, 2026international partner-operated restaurantsFY202610 – 15Lowered
Oct 28, 2026new company-owned restaurants will have a ChipotlaneFY202680%New
Oct 28, 2026underlying full year effective tax rateFY202624% – 26%New
Oct 28, 2026new company-owned restaurant openings in the U.S. and CanadaFY2027340 – 360New
Oct 28, 2026company-owned and partner-operated restaurants outside the U.S. and CanadaFY202715 – 25Lowered
Jul 29, 2026new restaurant openingsFY2026350 – 370Reaffirmed
Jul 29, 2026underlying full year effective tax rate before discrete itemsFY202624% – 26%Reaffirmed
Apr 29, 2026new restaurant openingsFY2026350 – 370Reaffirmed
Apr 29, 2026underlying effective full year tax rateFY202624% – 26%New
Feb 3, 2026new restaurant openingsFY2026350 – 370Reaffirmed
Feb 3, 2026underlying effective full year tax rate before discrete itemsFY202624% – 26%New
Oct 29, 2025new company-owned restaurant openingsFY2025315 – 345Reaffirmed
Oct 29, 2025underlying effective full year tax rateFY202525% – 27%Reaffirmed
Oct 29, 2025new restaurant openingsFY2026350 – 370New
Jul 23, 2025new company-owned restaurant openingsFY2025315 – 345New
Jul 23, 2025underlying effective full year tax rate before discrete itemsFY202525% – 27%New
Apr 23, 2025new company-owned restaurant openingsFY2025315 – 345Reaffirmed
Apr 23, 2025underlying effective full year tax rate before discrete itemsFY202525% – 27%Reaffirmed
Feb 4, 2025new company-owned restaurant openingsFY2025315 – 345Reaffirmed

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Chipotle Mexican Grill filed with the SEC as exhibits to Form 8-K or 6-K

  1. CHIPOTLE ANNOUNCES THIRD QUARTER 2026 RESULTS
    Results
  2. CHIPOTLE RAISES FULL YEAR COMPARABLE SALES GUIDANCE ON STRONG Q2 MOMENTUM
    Results
  3. IR Contact: Cindy Olsen, CFA
    Results
  4. CHIPOTLE TAPS AWARD-WINNING FERNANDO MACHADO AS CHIEF BRAND OFFICER
    Update
  5. IR Contact: Cindy Olsen, CFA
    Results
  6. CHIPOTLE EXECUTIVE ILENE ESKENAZI APPOINTED CHIEF LEGAL AND HUMAN RESOURCES OFFICER
    Update
  7. IR Contact: Cindy Olsen, CFA
    Results
  8. IR Contact: Cindy Olsen, CFA
    Results
  9. CHIPOTLE NAMES JASON KIDD CHIEF OPERATING OFFICER,
    Update
  10. IR Contact: Cindy Olsen, CFA
    Results
  11. IR Contact: Cindy Olsen, CFA
    Results
  12. CHIPOTLE NAMES SCOTT BOATWRIGHT CHIEF EXECUTIVE OFFICER AND MEMBER OF THE BOARD
    Update
  13. IR Contact: Cindy Olsen, CFA
    Results
  14. CHIPOTLE ACCELERATES THE APPOINTMENT OF ADAM RYMER TO CFO AND JAMIE MCCONNELL TO CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER
    Update
  15. IR Contact: Cindy Olsen, CFA
    Update