Chipotle Mexican Grill Inc

CMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chipotle Earnings: Wallet-Stretched Consumers Pressure Comparable Sales; Shares Fairly Valued

Ari Felhandler

Feb 4, 2026

Chipotle's fourth-quarter comparable sales slipped 2.5% on 3.2% fewer transactions, and management expects them to be flat in fiscal 2026. Restaurant-level margin contracted 140 basis points to 23.4%, pressured by softer traffic and higher spending on brand investments.

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Chipotle Mexican Grill Inc

Chipotle Earnings: Wallet-Stretched Consumers Pressure Comparable Sales; Shares Fairly Valued

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