Chipotle Mexican Grill, Inc.: Mixed — EPS $0.27, Revenue $3.29B
Mixed ResultQ3 2026 · After-market
Did Chipotle Mexican Grill, Inc. (CMG) beat earnings today?
It was a mixed report for Q3 2026 — Chipotle Mexican Grill, Inc. (CMG) beat on EPS but missed on revenue.
Earnings Per Share-6.90% surprise
$0.27Actual
Expected: $0.29
vs. year ago -6.9%
Total Revenue+0.10% surprise
$3.29BActual
Expected: $3.29B
vs. year ago +9.6%
Released Oct 28 · 4:10 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $3.29B | $3.00B | +9.6% |
| Revenue detail — reported lines | |||
| └─Food and beverage revenue | $3.28B | $2.99B | +9.7% |
| └─Delivery service revenue | $15.22M | $14.19M | +7.3% |
| Basic EPS | $0.27 | $0.29 | -6.9% |
| Diluted EPS | $0.27 | $0.29 | -6.9% |
| Adjusted Diluted EPS | $0.27 | $0.29 | -6.9% |
| Net income | $339.87M | $382.10M | -11.1% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2026/FY2027 Outlook |
|---|---|---|
| Comparable restaurant sales | — | low single digit growth |
| New restaurant openings | — | 350-370 |
| International partner-operated restaurants | — | 10-15 |
| New company-owned restaurants with a Chipotlane | — | ~80% |
| U.S. and Canada company-owned restaurant openings | — | 340-360 |
| Restaurants outside U.S. and Canada | — | ~15-25 |
Business Highlights
- ➤Opened 84 company-owned restaurants, including 53 Chipotlane locations.
- ➤Opened five international partner-operated restaurants.
- ➤Entered three new markets during the quarter.
- ➤Advanced menu and digital innovation initiatives.
- ➤Made progress on the high-efficiency equipment rollout.
- ➤Chipotlanes enhanced guest access and convenience.
- ➤Chipotlanes supported new-restaurant sales, margins and returns.
- ➤Repurchased $110.0M of stock at an average $34.05 per share.
- ➤Had $1.6B remaining under Board-authorized share repurchase programs.
- ➤Operated more than 4,200 restaurants across eight markets.
- ➤Employs nearly 140,000 people.
- ➤Owns and operates all restaurants in the U.S., Canada and Europe.
Management Commentary
Scott Boatwright, Chief Executive Officer
“Three consecutive quarters of positive comparable transaction growth demonstrates that our Recipe for Growth strategy is working. We're gaining traction with menu and digital innovation, making significant progress on our high-efficiency equipment rollout, and accelerating our global expansion with entry into three new markets this quarter. These achievements reinforce our confidence in the strategy and our ability to execute as we build Chipotle into an iconic global brand.”