Chipotle Mexican Grill Inc

CMG

Equity

ISIN null / Valor 2319653

New York Stock Exchange, Inc (2025-11-21)

USD 31.63+4.22%

Chipotle Mexican Grill Inc
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About company

Chipotle Mexican Grill Inc. is a prominent player in the fast-casual dining sector, known for its focus on serving fresh, high-quality Mexican-inspired foods such as burritos, tacos, bowls, and salads. Under the leadership of Chairman and CEO Brian Niccol since March 2018, the company has experienced significant sales growth, attributed to a combination of comparable sales increases and the opening of new restaurant locations. Niccol's strategy for the company emphasizes operational excellence, brand equity enhancement, digital access expansion, innovation, and engaging with both employees and consumers to fulfill its mission of Cultivating a Better World. The company's supply chain is managed by Vice President Carlos Londono, who oversees all aspects of procurement, logistics, and continuous improvement, ensuring the integrity and efficiency of the supply chain from farm to restaurant. Scott Boatwright, as Chief Operating Officer, is responsible for overseeing the operations of Chipotle's restaurants and enhancing the People Experience within the company. Chipotle's business model and operational strategies reflect its commitment to providing a unique dining experience while also focusing on growth and operational efficiency.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Total Revenue Growth

For the second quarter ended June 30, 2025, Chipotle reported a 3.0% increase in total revenue, reaching $3.1 billion compared to the same period last year. This growth was primarily driven by the opening of 61 new company-owned restaurants.

Comparable Restaurant Sales Decline

Comparable restaurant sales decreased by 4.0% year-over-year, largely due to a 4.9% drop in transactions. This decline was partially mitigated by a 0.9% increase in the average check size. Digital sales accounted for 35.5% of total food and beverage revenue.

Operating Margins and Earnings

The operating margin fell to 18.2% from 19.7% in the previous year, while the restaurant-level operating margin decreased to 27.4% from 28.9%. Diluted earnings per share were reported at $0.32, a 3.0% decline from $0.33 in the second quarter of 2024.

Expansion and Chipotlane Performance

Chipotle opened 61 new company-owned restaurants during the quarter, including 47 Chipotlane locations. These Chipotlanes have enhanced guest convenience and contributed to increased sales, margins, and returns for new restaurants.

Cost Management

Food, beverage, and packaging costs decreased to 28.9% of total revenue from 29.4% year-over-year, benefiting from menu price increases and cost efficiencies. However, labor costs rose to 24.7% of total revenue from 24.1%, primarily due to lower sales volumes.

Outlook for 2025

Chipotle anticipates flat comparable restaurant sales for the full year 2025 and plans to open between 315 to 345 new company-owned restaurants, with over 80% featuring Chipotlanes. The company also expects an underlying effective full-year tax rate between 25% and 27% before discrete items.

Summarized from source with an LLMView Source

Key figures

-47.3%1Y

5.82%3Y

22.4%5Y

Performance

39.8%1Y

32.4%3Y

33.2%5Y

Volatility