Chipotle Mexican Grill defied expectations with a surprising 0.5% increase in same-store sales for Q1, driven by the return of popular menu items like Chicken al Pastor. Revenue surged by 7.4% to $3.09 billion, surpassing predictions, but the company faces ongoing challenges as adjusted earnings per share dropped 17% and operating margins fell due to rising costs. Looking ahead, Chipotle remains cautious, forecasting flat same-store sales for the year amid economic uncertainties while planning to expand by opening 350 to 370 new restaurants by 2026.
“Chipotle Mexican Grill · reported · first-quarter results · a surprise uptick in same-store sales”
“Chipotle Mexican Grill · turned in · a surprise increase in same-store sales · 0.5% in Q1”
“Chipotle Mexican Grill · credited the improvement to · the return of its limited-time offerings · Chicken al Pastor and Cilantro-Lime Sauce”
“Chipotle Mexican Grill's revenue · rose by · 7.4% · $3.09 billion in the quarter”
“Chipotle Mexican Grill's adjusted earnings per share (EPS) · slid · 17% · $0.24”
“Chipotle Mexican Grill's restaurant-level operating margin · fell by · 250 basis points · to 23.7%”
“Chipotle Mexican Grill · is feeling pressure from · increased labor costs, high beef and freight costs, and increased marketing spending”
“Chipotle Mexican Grill · continues to add · new locations · opening 49 company-owned restaurants in the quarter”
“Chipotle Mexican Grill · plans to add · between 350 and 370 new restaurants in 2026”
“Chipotle Mexican Grill · ended the quarter with · 4,090 restaurants”
“Chipotle Mexican Grill · kept its forecast for same-store sales · to be flat for the year · given the current uncertainties with the economy”
“Chipotle Mexican Grill · is looking for Q2 same-store sales growth of · around 1% · helped by the launch of its honey chicken”
