Chipotle Mexican Grill Inc

CMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chipotle Earnings: Consumer Caution Dims Comp Sales Outlook, but Store Opening Target Intact

Dan Su

Jul 24, 2025

Chipotle increased sales by 3% in the second quarter of 2025 on the back of store openings, but comp sales dipped 4% on lower transactions. Restaurant level operating margin fell by 150 basis points to 27.4%. For 2025, full-year comp sales growth outlook was cut to flat from low-single digits.

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Chipotle Mexican Grill Inc

Chipotle Earnings: Consumer Caution Dims Comp Sales Outlook, but Store Opening Target Intact

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