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Chipotle earnings miss estimates, but same-store sales increase for third straight quarter
Same-store sales rose 2.1% as value deals and limited-time menu items drew customers, but higher labor and input costs squeezed quarterly profit.
- On Wednesday, Chipotle Mexican Grill stock rose 4%, rebounding from a 52-week low as investors await the company's quarterly earnings report after the bell.
- RBC Capital Markets expects comparable sales to beat conservative estimates, providing optimism despite recent analyst downgrades that reflect caution about October sales trends.
- Chipotle's stock has fallen 22% this year, reducing its market cap to about $36 billion. Analysts expect 2026 earnings per share of $1.15 and same-store sales growth of 1.5% for the quarter.
- Dutch Bros is climbing 5%, while McDonald and Starbucks are also inching higher. Starbucks has gained 26% this year, differing from the 22% decline in Chipotle's shares.
- CEO Scott Boatwright is focusing on faster service and increased marketing to revive growth, aiming to recover margins from the 15.7% reported in the second quarter.
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Chipotle Mexican Grill (NYSE:CMG) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Chipotle Mexican Grill (NYSE:CMG - Get Free Report) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.29 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.
·Sioux Falls, United States
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Chipotle beats quarterly sales expectations on resilient demand
·London, United Kingdom
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Total News Sources11
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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