Chipotle Mexican Grill Inc

CMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chipotle Earnings: Chain Steps Up Menu and Digital Innovation, but Soft Consumer Dims Outlook

Dan Su

Oct 30, 2025

Led by store expansion, Chipotle's sales rose 7.5% in the third quarter but comparable sales grew only 0.3%. Restaurant-level operating margin fell by 100 basis points to 24.5%. Management cut 2025 comp sales outlook to a low-single-digit decline from flat.

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Chipotle Mexican Grill Inc

Chipotle Earnings: Chain Steps Up Menu and Digital Innovation, but Soft Consumer Dims Outlook

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