How long would you wait for a Chipotle bowl? Some South Korean diners stuck it out for three hours.
The U.S. fast-casual chain opened its first Asia-region restaurant in Seoul’s Gangnam neighborhood in early September, which also marked its first-ever expansion through a joint venture.
The lines were so long they became a running joke on Korean social media, with one user suggesting a flight to the U.S. might be the faster way to get Chipotle. Then came the how-to guides, in posts filled with menu combinations and step-by-step explainers on how to navigate Chipotle’s build-your-own ordering system.
The joint venture with South Korean food company Sangmidang Holdings is “an important evolution of our global growth strategy,” Nate Lawton, Chipotle’s chief business development officer, told CNBC. There is no one-size-fits-all approach to entering a new market, he said, but Sangmidang brings local market knowledge, operating infrastructure and experience scaling restaurant brands across Asia.
Sangmidang previously brought Shake Shack to the country.
The joint venture, S&C Restaurants Holdings, is 51% owned by Big Bite Company, an affiliate of Sangmidang, with Chipotle holding the remaining 49%, according to the Korean partner.
Chipotle has an established presence in Canada and Europe and is expanding through partnerships in the Middle East and Mexico as well, said Lawton.
“Korea is important because we’re not simply opening restaurants — we’re building a model for how Chipotle can enter and ultimately scale in a new region while protecting what makes the brand special,” Lawton said. “The real measure of Korea’s success won’t be the performance of a single restaurant,” but “whether we can build a repeatable, scalable model.”
The Asia opportunity South Korean consumer interest in Mexican food is relatively strong, as 42% of consumers had eaten it in the previous three months, according to global market intelligence firm Mintel. Another 37% had not eaten it recently but were interested in doing so.
Heng Hong Tan, associate principal for food and drink at Mintel, said South Korea and Singapore — Chipotle’s next stop in Asia — offer favorable conditions for international fast-casual brands because consumers are “well-travelled, globally connected and receptive to international cuisines.”
Chipotle won’t have the market to itself. South Korea already has Mexican-inspired fast-casual chain Cuchara, while Singapore has established players including Guzman y Gomez and Stuff’d, Tan said.
Expanding in Asia also means building the infrastructure to support the business locally.
In South Korea, Chipotle and its local partner built a supply chain designed to meet the company’s global food quality standards. Big Bite said it tapped suppliers and farms it had already vetted for quality and reliability, along with SPC’s sourcing and processing infrastructure, to build the local supply chain.
Beyond Seoul Chipotle is already preparing for the second leg of its Asia expansion. Its joint venture partner told CNBC it is targeting the first half of 2027 for a Singapore launch, though the exact timing and location have yet to be finalized.
“Singapore is a natural next step for Chipotle in Asia,” Lawton said, describing it as a highly international market where consumers are familiar with global brands.
Still, Singapore’s restaurant market has its own set of challenges. Tan pointed to elevated rental, labor and energy costs as pressures on restaurant profitability.
Chipotle has not announced which Asian markets could follow South Korea and Singapore, saying its priority is executing in the markets it has already committed to.
Consumers across many Asian markets are willing to experiment with new flavors and restaurant concepts, creating opportunities for brands to generate awareness and trial quickly, Tan said. Ultimately, brands that can combine international appeal with local relevance are likely to be best positioned for long-term growth in Asia, he added.
Chipotle Mexican Grill (CMG - Free Report) closed at $37.57 in the latest trading session, marking a -2.47% move from the prior day. This change lagged the S&P 500's daily gain of 1.06%. Meanwhile, the Dow experienced a rise of 1.18%, and the technology-dominated Nasdaq saw an increase of 1.4%.
Shares of the Mexican food chain witnessed a gain of 11.65% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 4.7%, and the S&P 500's gain of 2.46%.
Market participants will be closely following the financial results of Chipotle Mexican Grill in its upcoming release. The company plans to announce its earnings on October 28, 2026. The company's earnings per share (EPS) are projected to be $0.29, reflecting no change from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.28 billion, indicating a 9.35% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.15 per share and a revenue of $13 billion, representing changes of -1.71% and +8.97%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chipotle Mexican Grill. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% higher. As of now, Chipotle Mexican Grill holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Chipotle Mexican Grill is currently exchanging hands at a Forward P/E ratio of 33.63. This expresses a premium compared to the average Forward P/E of 21.36 of its industry.
We can also see that CMG currently has a PEG ratio of 2.36. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Retail - Restaurants industry stood at 1.86 at the close of the market yesterday.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
On September 02, 2026, we delve into the DCF analysis for Chipotle Mexican Grill Inc CMG, a company that has seen a modest price performance recently, with a year-to-date increase of 1.4% but a decline of 11.0% over the past year. This analysis will explore the discrepancies between different valuation models to provide a clearer picture of CMG's worth.
DCF Earnings-based intrinsic value of $34.69 vs current price of $37.51 (margin of safety: -8.1%) DCF FCF-based intrinsic value of $37.50, indicating a slight agreement with the earnings model GF Score™ of 86/100 suggests strong fundamentals, but with a predictability rank of 0/5 stars, indicating lower reliability in DCF estimates What Is CMG Worth? DCF Earnings-Based Model The DCF earnings-based model for Chipotle Mexican Grill Inc utilizes a two-stage approach to estimate intrinsic value. The first stage accounts for high growth in earnings over the next ten years, while the second stage reflects a more stable growth rate thereafter. Below is a summary of the key assumptions used in this model:
Parameter Value Current EPS (TTM, excl. non-recurring) $1.11 10-Year Growth Rate 30.9% 10-Year Treasury Rate 4.81% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), the EPS is expected to grow at 30.9% annually, discounted at a rate of 11%. The terminal phase (Years 11-20) assumes a slower growth rate of 4%, also discounted at 11%. The following table summarizes the calculations:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 30.9%, discounted at 11% $14.84 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $19.85 Intrinsic Value Growth + Terminal $34.69 With the current price at $37.51, the intrinsic value of $34.69 indicates that CMG is fairly valued, with a margin of safety of -8.1%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research suggests that stock prices correlate more closely with earnings than with free cash flow. For a detailed calculation, visit the CMG DCF Calculator.
What Does the Free Cash Flow DCF Say? The DCF based on free cash flow (FCF) yields an intrinsic value of $37.50, which is almost equivalent to the current price of $37.51. This indicates a fair valuation with a margin of safety of -0.0%. The earnings-based and FCF-based models are in slight agreement, suggesting that CMG is fairly valued according to both methodologies.
How Does GF Value™ Compare to the DCF Models? According to GuruFocus, the GF Value™ for Chipotle Mexican Grill Inc is $59.55, indicating that the stock is 37.0% undervalued based on historical trading multiples, past business growth, and future performance estimates. This creates a divergence between the DCF models and GF Value™, as the DCF models suggest fair valuation while GF Value™ indicates a significant undervaluation. For further insights, check the GF Value™ page.
What Does CMG's GF Score™ Tell Us? The GF Score™ evaluates the overall quality of a stock based on various factors, including financial strength, profitability, growth, valuation, and momentum. Chipotle's GF Score™ stands at 86/100, reflecting strong fundamentals. However, its predictability rank is 0/5 stars, suggesting that the DCF model may be less reliable for this stock due to its lower predictability. Below is a summary of CMG's GF Score™ metrics:
Metric Rating GF Score™ 86/100 Financial Strength 4/10 Profitability 9/10 Growth 10/10 Valuation 4/10 Momentum 5/10 For more details, visit the CMG stock page.
Key Assumptions and Limitations It is crucial to note that DCF models are highly sensitive to assumptions regarding growth rates and discount rates. Stocks with low predictability ratings, such as CMG, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect future market conditions accurately.
What This Means for Investors In summary, the DCF earnings-based model suggests an intrinsic value of $34.69, while the FCF-based model indicates a value of $37.50. In contrast, the GF Value™ presents a significantly higher valuation of $59.55. This divergence highlights the tension between the earnings and cash flow perspectives on CMG's valuation. Furthermore, the guru ownership signal shows that 8 gurus currently hold the stock, with 3 adding to their positions and 7 trimming, while insiders have sold $7.2M worth of shares over the past year. This mixed signal suggests caution for potential investors. For a deeper dive into the analysis, explore the CMG DCF Calculator.
Frequently Asked Questions What is CMG's intrinsic value based on DCF?
According to our analysis, the earnings-based intrinsic value is $34.69, while the FCF-based intrinsic value is $37.50.
Is CMG overvalued or undervalued?
Based on the DCF models, CMG appears to be fairly valued, while the GF Value™ suggests it is undervalued by 37.0%.
How reliable is the DCF model for CMG?
The predictability rank of 0/5 stars indicates that the DCF model may be less reliable for CMG due to its lower predictability.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
The opening marks a significant milestone in Chipotle's global expansion, establishing South Korea as a reference market for future growth across Asia The joint venture established by Chipotle and Sangmidang Holdings, Chipotle's South Korean operator, will bring the brand's global operating standards to life across sourcing, culinary preparation and restaurant operations Chipotle's menu features real ingredients with no artificial colors, flavors or preservatives, with food prepared fresh throughout the day , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced the opening of its first restaurant in Asia at 423 Gangnam-daero, Seocho-gu, Seoul, South Korea, in partnership with Sangmidang Holdings (formerly SPC Group). South Korea will serve as a reference market for Chipotle's expansion across Asia, establishing a model for how the brand can enter new markets while maintaining its culinary and operational standards. The two companies will run Chipotle's South Korean business through their joint venture, S&C Restaurants Holdings.
Chipotle's first restaurant in Seoul, South Korea will serve as a reference market for Chipotle’s future growth across Asia.
Chipotle plans plans to open two additional restaurants in South Korea by the end of 2026, followed by its first restaurant in Singapore in 2027. See here for photo and video assets: https://www.dropbox.com/scl/fo/i87gmylk26v14mualkxvt/ABbhLe99j4GWjRcElmo_h1M?rlkey=6kmymnmnplrdsqxu77ky93al1&st=s1098u8x&dl=0.
Chipotle selected South Korea for its highly engaged and discerning consumers, sophisticated restaurant culture and strong appreciation for authenticity and ingredient quality. The market provides an important opportunity to demonstrate how Chipotle's Food with Integrity principles and culinary approach can resonate across Asia.
"Asia represents a significant growth opportunity for Chipotle, with strong demand for variety, convenience and real food prepared fresh and served fast," said Scott Boatwright, Chief Executive Officer of Chipotle. "South Korea, in particular, is an ideal market to introduce Chipotle to the region, and we see tremendous potential to grow from here. As we scale across Asia, we will remain focused on what has always differentiated Chipotle—a delicious, customizable meal at a value you can't find anywhere else."
Delivering the Chipotle Experience in South Korea
The partnership combines Sangmidang Holdings' extensive restaurant industry, operational and South Korean market knowledge with Chipotle's culinary expertise. Sangmidang Holdings will be responsible for faithfully delivering the Chipotle experience in South Korea—from ingredient sourcing and cooking methods to team training and restaurant operations. The partnership will help ensure the fundamentals that define Chipotle remain consistent as the brand enters a new region.
"We are thrilled to bring Chipotle to South Korean consumers following tremendous anticipation for the brand's arrival," said Hee-soo Hur, President, Chief Vision Officer (CVO) of Sangmidang Holdings. "Chipotle offers a distinctive dining experience centered on choice, quality and the freedom for every guest to create a meal that reflects their individual tastes. We are proud to introduce the brand to Asia and committed to delivering the authentic Chipotle experience our guests expect."
Real Ingredients, Prepared Fresh
Chipotle's menu is built from real ingredients and contains no artificial colors, flavors or preservatives. The brand's culinary approach emphasizes classic cooking techniques and fresh preparation, with ingredients chopped, seasoned, grilled and prepared in the restaurant throughout the day.
Guests in Seoul can customize burritos, bowls, tacos, quesadillas and salads with familiar Chipotle ingredients and recipes, bringing the brand's signature menu to South Korea.
In partnership with Sangmidang Holdings, Chipotle plans to continue its expansion with two more locations in South Korea by the end of 2026, followed by its first restaurant in Singapore in 2027.
Chipotle's business development group, led by Chief Business Development Officer Nate Lawton, is exploring additional opportunities for growth via outside partnerships. Information on submitting a proposal can be found at https://ir.chipotle.com/contact-us.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit chipotle.com.
About Sangmidang Holdings and Big Bite Company
Sangmidang Holdings is a South Korea-based global food company with more than 80 years of history. The company owns 30 well-known brands, including Paris Baguette, Paris Croissant, Passion 5, Coffee@Works and StrEAT, and operates approximately 7,000 locations worldwide.
Sangmidang Holdings has also successfully introduced a number of global brands to the South Korean market, including Baskin-Robbins, Dunkin', Pascucci, LINA'S, Jamba and Shake Shack.
Big Bite Company is a restaurant-focused company affiliated with Sangmidang Holdings, with experience operating global restaurant brands in South Korea. It operates Chipotle South Korea through S&C Restaurants Holdings Pte. Ltd., a joint venture established with Chipotle.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about the timing of opening Chipotle restaurants in South Korea, Chipotle's plans to open a restaurant in Singapore and Chipotle's prospects for business in Asia. We use words such as "anticipate," "expect," "believe," "could," "should," "may," "will" and similar terms and phrases to identify forward-looking statements. The forward-looking statements in this press release are based on currently available operating, financial and competitive information, available to us as of the date of this release and speak only as of the date they are made. We assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements, including the risks described from time to time in our SEC reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q, all of which are available on the investor relations page of our website at ir.chipotle.com.
, /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) will host a conference call on Wednesday, October 28, 2026, at 4:30 p.m. ET to discuss third quarter 2026 financial results and provide a business update for the fourth quarter to date.
A press release with third quarter financial results will be issued at approximately 4:10 p.m. ET on Wednesday, October 28, 2026.
Participants can join the conference call by dialing 1-888-317-6003 and will be prompted to enter the code 6029014. International callers can dial 1-412-317-6061 and will be prompted to enter the code 6029014.
The call will also be webcast live from the company's website on the investor relations page at ir.chipotle.com, and registration is available at https://app.webinar.net/eoKjwMGDP7l. An archived webcast will be available approximately one hour after the end of the call.
ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit chipotle.com.
For the first time in brand history, Chipotle is launching two limited-time menu items simultaneously: Pollo Asado and Chili Lime Chips Pollo Asado returns August 31 with an all-new recipe, finished with cilantro and real lime for a bright, savory flavor Born from a viral fan trend, Chili Lime Chips are made with real ingredients and no artificial colors, flavors or preservatives, delivering a bold, craveable crunch Chipotle Rewards members get first access to Chili Lime Chips beginning August 31 before they roll out to all guests on September 4 , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced its first-ever simultaneous launch of two limited-time menu items, bringing back Pollo Asado with an all-new recipe and introducing Chili Lime Chips, a new side inspired by a viral fan food hack. Pollo Asado returns to restaurants in the U.S. and Canada on August 31, while Chipotle Rewards members get exclusive access to Chili Lime Chips on August 31 before they become available to all guests on September 4.
Chipotle’s all-new Pollo Asado, featuring freshly grilled adobo chicken finished with cilantro and real lime, paired with new Chili Lime Chips. For the first time in brand history, Chipotle is launching two limited-time menu items simultaneously.
Chipotle’s new Chili Lime Chips are tossed fresh daily with real lime and a bold chili seasoning for craveable flavor and crunch. Born from a viral fan trend, the limited-time menu item is made with real ingredients and no artificial colors, flavors or preservatives.
To showcase the fresh, hands-on preparation behind Pollo Asado and Chili Lime Chips, Chipotle put cameras in the hands of 100 creators at restaurants across the U.S., U.K. and Canada, giving them the freedom to capture the experience in their own style. Photo and video assets are available here: https://www.dropbox.com/scl/fo/uc2at9rnp7cqa13m6nj62/AHnd2jeo8TXsk0uhjOg8Fdc?rlkey=ayu4k7yp9se7wi7r47vmud46l&st=v9ecusyg&dl=0
A Fresh Take on Pollo Asado
Pollo Asado is back for a limited time with an all-new recipe featuring freshly grilled adobo chicken seasoned with garlic, Mexican spices and hand-cut cilantro, then finished with bright citrus and real lime for a savory, smoky flavor.
Chili Lime Chips: Your Hack, Made Better
Over the past few years, one fan-created food hack has exploded in popularity online: guests using packaged seasoned chips to put their own spin on Chipotle meals. Some ditch their fork and scoop up every bite with chips, while others crush them over burrito bowls for extra crunch or turn their meal into a "walking taco" by pouring their bowl directly into a chip bag. Since 2022, mentions of seasoned chips paired with Chipotle entrees have increased more than 1,500% across social platforms, while related TikTok and Instagram content has generated approximately 96 million engagements.
Building on that guest behavior, Chipotle developed Chili Lime Chips as its own take, transforming the viral fan trend into an official menu item made with only real ingredients. However they're enjoyed, the chips deliver bold flavor and satisfying crunch to any Chipotle entrée.
"Pollo Asado delivered strong results in testing, giving us clear evidence that guests were excited about the new recipe," said Fernando Machado, Chief Brand Officer. "At the same time, we saw guests hacking their Chipotle orders with packaged chips and asked ourselves: What would this look like done the Chipotle way? Chili Lime Chips are our answer—with no artificial colors, flavors or preservatives and an ingredient list that doesn't require a chemistry degree to understand. One menu item generated real momentum before going national; the other was inspired directly by how our fans eat Chipotle. Together, they gave us two compelling reasons to do something we've never done before and launch both at once."
Chef Nevielle's Recommended Pairing
To experience both limited-time menu items together, Nevielle Panthaky, Senior Vice President of Culinary at Chipotle, recommends a Pollo Asado bowl with white rice, black beans, roasted chili-corn salsa and guac (46g protein, 17g fiber), plus Chili Lime Chips for an added layer of crunch and zest.
"With this new recipe, we wanted to bring more brightness and dimension to Pollo Asado while preserving its savory, smoky flavor," said Panthaky. "The citrus finish cuts through the smoky notes of the chicken and naturally complements the tangy, spiced seasoning of our Chili Lime Chips."
How to Order
Beginning August 31, Pollo Asado will be available to all guests in the U.S. and Canada for a limited time.
Starting the same day, Chili Lime Chips will debut as a digital exclusive for Chipotle Rewards members through the Chipotle app, Chipotle.com and Chipotle.ca. The chips will become available to all guests on September 4.
To celebrate the return of Pollo Asado, Chipotle is offering a $0 delivery fee1 on Pollo Asado orders placed through the Chipotle app, Chipotle.com and Chipotle.ca from August 31 through September 13.
100 Creators, Zero Brand-Shot Footage
To showcase the fresh, hands-on preparation behind Pollo Asado and Chili Lime Chips, Chipotle put cameras in the hands of 100 creators at restaurants across the U.S., U.K. and Canada. The group extends beyond food creators, bringing together artists, animators, musicians and more, each with a unique point of view. They worked alongside restaurant team members during morning prep, grilling chicken, slicing vegetables, seasoning chips and mashing guac by hand while capturing content along the way. Without traditional scripts or shot lists, the creators were given the freedom to document the experience in their own style.
The resulting national TV campaign features no brand-shot footage, with every frame captured by creators.
The new creative marks Chief Brand Officer Fernando Machado's national advertising debut since joining Chipotle and the brand's first major collaboration with agency partner KIDS.
Watch the new campaign here:
For Real: https://youtu.be/p2xwdVec5JM Pollo Asado: https://youtu.be/x5fRtG3Zy8Q Chili Lime Chips: https://youtu.be/OeJ8aI9VZvE 1 - Higher menu prices are charged for delivery; additional service and other fees apply at checkout as well (except in CA, CO, CT, MA, MN and VA). Available August 31 to September 13, 2026 only, within Chipotle's delivery areas from participating U.S. and Canada locations, during normal operating hours for such locations. Purchase of Pollo Asado entrée required. Minimum order $10 USD / $12 CAD excluding tax and fees; maximum item numbers apply as well. Deliveries and redemptions are subject to availability. Offer is not valid on catering or Burritos by the Box orders. Redemptions of Chipotle Rewards and other promotional offers may be included in a qualifying delivery order but do not count towards satisfaction of minimum purchase requirements. Valid only on Chipotle website or the Chipotle app; not valid on orders placed via third-party delivery platforms. Chipotle reserves the right to modify or terminate this offer at any time without notice. Additional restrictions may apply; void where prohibited.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit www.chipotle.com.
For the first time in brand history, Chipotle is launching two limited-time menu items simultaneously: Pollo Asado and Chili Lime ChipsPollo Asado returns August 31 with an all-new recipe, finished with cilantro and real lime for a bright, savory flavorBorn from a viral fan trend, Chili Lime Chips are made with real ingredients and no artificial colors, flavors or preservatives, delivering a bold, craveable crunchChipotle Rewards members get first access to Chili Lime Chips beginning August 31 before they roll out to all guests on September 4 , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced its first-ever simultaneous launch of two limited-time menu items, bringing back Pollo Asado with an all-new recipe and introducing Chili Lime Chips, a new side inspired by a viral fan food hack. Pollo Asado returns to restaurants in the U.S. and Canada on August 31, while Chipotle Rewards members get exclusive access to Chili Lime Chips on August 31 before they become available to all guests on September 4.
Photo and video assets are available here: https://www.dropbox.com/scl/fo/uc2at9rnp7cqa13m6nj62/AHnd2jeo8TXsk0uhjOg8Fdc?rlkey=ayu4k7yp9se7wi7r47vmud46l&st=v9ecusyg&dl=0
A Fresh Take on Pollo Asado
Pollo Asado is back for a limited time with an all-new recipe featuring freshly grilled adobo chicken seasoned with garlic, Mexican spices and hand-cut cilantro, then finished with bright citrus and real lime for a savory, smoky flavor.
Chili Lime Chips: Your Hack, Made Better
Over the past few years, one fan-created food hack has exploded in popularity online: guests using packaged seasoned chips to put their own spin on Chipotle meals. Some ditch their fork and scoop up every bite with chips, while others crush them over burrito bowls for extra crunch or turn their meal into a "walking taco" by pouring their bowl directly into a chip bag. Since 2022, mentions of seasoned chips paired with Chipotle entrees have increased more than 1,500% across social platforms, while related TikTok and Instagram content has generated approximately 96 million engagements.
Building on that guest behavior, Chipotle developed Chili Lime Chips as its own take, transforming the viral fan trend into an official menu item made with only real ingredients. However they're enjoyed, the chips deliver bold flavor and satisfying crunch to any Chipotle entrée.
"Pollo Asado delivered strong results in testing, giving us clear evidence that guests were excited about the new recipe," said Fernando Machado, Chief Brand Officer. "At the same time, we saw guests hacking their Chipotle orders with packaged chips and asked ourselves: What would this look like done the Chipotle way? Chili Lime Chips are our answer—with no artificial colors, flavors or preservatives and an ingredient list that doesn't require a chemistry degree to understand. One menu item generated real momentum before going national; the other was inspired directly by how our fans eat Chipotle. Together, they gave us two compelling reasons to do something we've never done before and launch both at once."
Chef Nevielle's Recommended Pairing
To experience both limited-time menu items together, Nevielle Panthaky, Senior Vice President of Culinary at Chipotle, recommends a Pollo Asado bowl with white rice, black beans, roasted chili-corn salsa and guac (46g protein, 17g fiber), plus Chili Lime Chips for an added layer of crunch and zest.
"With this new recipe, we wanted to bring more brightness and dimension to Pollo Asado while preserving its savory, smoky flavor," said Panthaky. "The citrus finish cuts through the smoky notes of the chicken and naturally complements the tangy, spiced seasoning of our Chili Lime Chips."
How to Order
Beginning August 31, Pollo Asado will be available to all guests in the U.S. and Canada for a limited time.
Starting the same day, Chili Lime Chips will debut as a digital exclusive for Chipotle Rewards members through the Chipotle app, Chipotle.com and Chipotle.ca. The chips will become available to all guests on September 4.
To celebrate the return of Pollo Asado, Chipotle is offering a $0 delivery fee1 on Pollo Asado orders placed through the Chipotle app, Chipotle.com and Chipotle.ca from August 31 through September 13.
100 Creators, Zero Brand-Shot Footage
To showcase the fresh, hands-on preparation behind Pollo Asado and Chili Lime Chips, Chipotle put cameras in the hands of 100 creators at restaurants across the U.S., U.K. and Canada. The group extends beyond food creators, bringing together artists, animators, musicians and more, each with a unique point of view. They worked alongside restaurant team members during morning prep, grilling chicken, slicing vegetables, seasoning chips and mashing guac by hand while capturing content along the way. Without traditional scripts or shot lists, the creators were given the freedom to document the experience in their own style.
The resulting national TV campaign features no brand-shot footage, with every frame captured by creators.
The new creative marks Chief Brand Officer Fernando Machado's national advertising debut since joining Chipotle and the brand's first major collaboration with agency partner KIDS.
Watch the new campaign here:
For Real: https://youtu.be/p2xwdVec5JMPollo Asado: https://youtu.be/x5fRtG3Zy8QChili Lime Chips: https://youtu.be/OeJ8aI9VZvE1 - Higher menu prices are charged for delivery; additional service and other fees apply at checkout as well (except in CA, CO, CT, MA, MN and VA). Available August 31 to September 13, 2026 only, within Chipotle's delivery areas from participating U.S. and Canada locations, during normal operating hours for such locations. Purchase of Pollo Asado entrée required. Minimum order $10 USD / $12 CAD excluding tax and fees; maximum item numbers apply as well. Deliveries and redemptions are subject to availability. Offer is not valid on catering or Burritos by the Box orders. Redemptions of Chipotle Rewards and other promotional offers may be included in a qualifying delivery order but do not count towards satisfaction of minimum purchase requirements. Valid only on Chipotle website or the Chipotle app; not valid on orders placed via third-party delivery platforms. Chipotle reserves the right to modify or terminate this offer at any time without notice. Additional restrictions may apply; void where prohibited.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit www.chipotle.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/chipotle-marks-a-brand-first-with-all-new-pollo-asado-and-the-debut-of-chili-lime-chips-302863254.html
Scott Boatwright, Chief Executive Officer of Chipotle Mexican Grill, Inc. (CMG +2.18%), disposed of 31,522 shares of common stock on Aug. 22, 2026. SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$1.1 millionShares sold31,522Post-transaction shares (directly held)318,609Post-transaction value$11.24 millionTransaction value based on SEC Form 4 weighted average sale price ($35.29).
Key questionsWhy was this transaction executed?
The transaction was a non-discretionary event in which the company withheld 31,522 shares to satisfy tax liabilities arising from the vesting and settlement of restricted stock units.What is the scale of the insider remaining equity position?
Following this filing, Scott Boatwright maintains direct ownership of 318,609 shares, representing a market value of $11.24 million as of the valuation as of Aug. 22, 2026.What does this reveal about the underlying vesting event?
The withholding of shares indicates the completion of a vesting period for equity awards, resulting in a net increase in the CEO's total beneficial holdings once the remaining vested units are factored into the direct equity balance.How does this impact the overall insider ownership of the company?
Including this transaction, the total insider ownership of Chipotle Mexican Grill is 0.0248% as of the latest data, reflecting the CEO's continued alignment with the company through a multi-million dollar direct stake.Company OverviewMetricValueShare Price (as of market close 2026-08-24)$38.02Market Capitalization$48.2 billionRevenue (TTM)$12.4 billionNet Income (TTM)$1.4 billionCompany SnapshotChipotle Mexican Grill operates a chain of fast-casual restaurants specializing in customizable Mexican-inspired cuisine, generating revenue primarily through direct restaurant sales of burritos, bowls, tacos, and other prepared food items.The company operates company-operated restaurants, generating revenue through food and beverage sales at individual locations while maintaining operational control and brand consistency across its portfolio.The company serves health-conscious consumers and value-oriented diners seeking customizable, fast-casual dining experiences, with its target market spanning middle- to upper-middle-income demographics across North America and select European markets.Chipotle Mexican Grill operates approximately 3,000 restaurant locations across the United States, Canada, the United Kingdom, France, Germany, and other European markets, positioning itself as a leading fast-casual dining concept with significant scale. The company differentiates itself by emphasizing high-quality, customizable ingredients and operational efficiency, enabling it to capture market share in the competitive quick-service restaurant sector. With $12.4 billion in TTM revenue and a market capitalization of $48.2 billion, Chipotle demonstrates substantial financial strength and investor confidence in its growth trajectory and operational execution.
What this transaction means for investorsThe share sale executed by CEO Scott Boatwright should not worry investors.
Indeed, selling 9% of one's shares sounds like a significant move, particularly given the stock's struggles since former CEO Brian Niccol left for Starbucks.
Nonetheless, as previously mentioned, the filing explicitly stated the sale pertained to a tax liability related to the vesting and settlement of a stock award. Hence, the stock's price action was unrelated to this move.
Also, the earnings release offered some hope that Chipotle may be emerging from its slump, as total revenue increased 9.3% year over year in the second quarter of 2026 to $3.3 billion. Also, even though net income fell by just over 7.5% to $404 million, the company contended with rising operating expenses.
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Although that is not encouraging for investors, Boatwright's substantial holdings may indicate he has a plan for Chipotle's recovery, and conditions may be improving. The consumer discretionary stock is actually up slightly year to date, and its 35 P/E ratio is low compared to past years.
Such price action may indicate that Boatwright is returning the stock to growth, possibly validating his decision to keep most of his Chipotle shares.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chipotle Mexican Grill and Starbucks. The Motley Fool recommends the following options: short September 2026 $35 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
On Thursday, August 27, guests in the U.S. and Canada can receive free double protein on any entrée ordered through the Chipotle app, Chipotle.com or Chipotle.ca with code PROTEIN at checkout¹ These are the final days to enjoy fan-favorite Chipotle Honey Chicken , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced it will offer guests in the U.S. and Canada free double protein on any entrée on Thursday, August 27, 2026, when they use code PROTEIN at checkout on the Chipotle app, Chipotle.com or Chipotle.ca.1 The one-day offer comes during the final week of Chipotle Honey Chicken, giving fans an opportunity to double up on the protein while supplies last.
Chipotle is celebrating the final week of Chipotle Honey Chicken with a free double protein offer on any entrée ordered through the Chipotle app, Chipotle.com or Chipotle.ca on August 27 with code PROTEIN at checkout Made with freshly grilled chicken marinated with smoky chipotle peppers and finished with a touch of pure honey, Chipotle Honey Chicken delivers a bold balance of heat and sweetness that has made it one of Chipotle's most popular limited-time offerings.
"Fans have made their love for Chipotle Honey Chicken clear, so we couldn't send it back to the vault without one last celebration," said Stephanie Perdue, Senior Vice President, Brand Marketing, Chipotle. "To mark the occasion, we're offering guests free double protein on August 27."
There's more menu innovation to come from Chipotle this fall, including craveable new flavors and additional ways to customize orders.
1 – Valid August 27, 2026 only, for one free double protein portion (meat or Sofritas) on one full-priced burrito, bowl or salad entrée. Must use code PROTEIN at time of redemption. Codes can be used one time per eligible transaction. Available only on Chipotle website and mobile app orders from participating Chipotle restaurants in the US and Canada during regular business hours; not available on in-restaurant orders or orders via third-party delivery platforms. Not valid on Chipotle's High Protein Cup side items, tacos, quesadillas or kids' meals. Mixed protein orders will be charged for the higher-priced protein. Redemption is subject to availability. May not be combined with other coupons, promotions, or special offers. Void where prohibited; additional restrictions may apply.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit www.chipotle.com.
Curtis E. Garner, President and Chief Strategy and Technology Officer of Chipotle Mexican Grill, Inc. (CMG +2.18%), reported a non-discretionary disposition of 27,582 shares of common stock on Aug. 22, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$973,000Shares sold27,582Post-transaction shares (directly held)390,788Post-transaction value$14.86 millionTransaction value based on SEC Form 4 weighted average sale price ($35.29).
Key questionsWhat were the specific circumstances of this disposition?
The sale was non-discretionary, executed to cover tax obligations arising from a scheduled vesting event, and does not reflect the insider's view on the stock. Curtis E. Garner utilized these shares to satisfy liability upon the settlement of a restricted stock unit award.What is the scale of the insider's remaining equity position?
Following this transaction, the President and Chief Strategy and Technology Officer maintains direct ownership of 390,788 shares. This position represents an approximate 0.0305% ownership stake in the $48.8 billion restaurant company.How does the execution price compare to recent market levels?
The shares were withheld at $35.29 per share on the transaction date, while the common stock closed at $38.02 as of the Aug. 24, 2026, market close. The reported post-transaction value of $14.86 million is based on the market price at the time of the filing.Are there any other equity classes or indirect holdings involved?
The filing indicates that the reporting person's equity interest is currently held entirely through direct ownership of common stock. There are no reported indirect holdings through trusts or other legal entities at this time.Company OverviewMetricValueShare Price (as of market close 2026-08-24)$38.02Market Capitalization$48.8 billionRevenue (TTM)$12.4 billionNet Income (TTM)$1.4 billionCompany SnapshotChipotle Mexican Grill operates a chain of fast-casual restaurants specializing in customizable Mexican-inspired cuisine, generating revenue primarily through direct restaurant sales of burritos, bowls, tacos, and other prepared food items.The company operates both company-operated and franchised restaurants, generating revenue through food and beverage sales at individual locations while maintaining operational control and brand consistency across its portfolio.The company serves health-conscious consumers and value-oriented diners seeking customizable, fast-casual dining experiences, with its target market spanning middle- to upper-middle-income demographics across North America and select European markets.Chipotle Mexican Grill operates approximately 3,000 restaurant locations across the United States, Canada, the United Kingdom, France, Germany, and other European markets, positioning itself as a leading fast-casual dining concept with significant scale. The company differentiates itself by emphasizing high-quality, customizable ingredients and operational efficiency, enabling it to capture market share in the competitive quick-service restaurant sector. With $12.4 billion in TTM revenue and a market capitalization of $48.8 billion, Chipotle demonstrates substantial financial strength and investor confidence in its growth trajectory and operational execution.
What this transaction means for investorsInvestors should always remember that insider transactions only tell part of the story. Insiders can sell for many reasons, many of which are mundane. Tax implications, estate planning, or simply generating cash flow are all reasons that executives with significant holdings may choose to sell shares. Therefore, it's essential to delve into a company's fundamentals to get an idea of how the company is performing. With that in mind, let's have a look at Chipotle (CMG).
First off, Chipotle stock has underperformed the market over the last few years. Since 2021, CMG's shares have declined about 3%, equating to a compound annual growth rate (CAGR) of -0.6%. The S&P 500, meanwhile, has delivered a total return of 83% over this same period, with a CAGR of 12.8%.
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The story behind the decline is largely one of slowing growth. CMG consistently posted year-over-year revenue growth above 10% from 2021 through 2024. However, over the last 18 months, the company has struggled to keep pace. Over the last 12 months, revenue growth has averaged 7.3%. Similarly, after reaching an all-time high of $1.56 billion in early 2025, net income has slightly declined to $1.42 billion over the last 18 months. In short, Chipotle's momentum has cooled after years of rapid growth.
On the other hand, CMG's valuation looks intriguing. Its price-to-earnings (P/E) multiple is 34x, well below its five-year average of 51x, and not that far from its five-year low of 26x.
In summary, investors have to weigh CMG's slowing growth versus its more affordable valuation. Those seeking exposure to the fast casual sector may want to consider the stock.
Adam T. Rymer, Chief Financial Officer of Chipotle Mexican Grill, Inc. (CMG +2.18%), disposed of 9,276 shares on Aug. 22, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$327,000Shares sold9,276Post-transaction shares (directly held)83,882Post-transaction value$3.2 millionTransaction value based on SEC Form 4 weighted average sale price ($35.29).
Key questionsDoes this transaction reflect a change in the CFO's outlook on the company?
The disposal was non-discretionary and executed solely to cover tax obligations arising from the vesting and settlement of restricted stock units. Such activity is a routine part of equity compensation management and does not reflect the insider's view on the stock or future performance.What is the scale of the remaining equity position?
Adam T. Rymer continues to hold 83,882 shares directly, representing an insider ownership stake of 0.0065%. This remaining position maintains the executive's alignment with shareholder interests following the automated tax-related sale.How does the transaction price compare to recent market levels?
The shares were withheld at $35.29 per share on Aug. 22, 2026. This compares to a subsequent closing price of $38.02 as of the Aug. 24, 2026 market close, representing a difference of 7.74% between the execution price and the most recent market valuation.What are the fundamental drivers for the company in the current period?
Chipotle Mexican Grill operates approximately 3,000 restaurants globally and reported trailing twelve-month revenue of $12.4 billion. The company generated $1.4 billion in net income over the same period, supported by a workforce of 130,301 employees.Company OverviewMetricValueShare Price (as of market close 2026-08-24)$38.02Market Capitalization$48.8 billionRevenue (TTM)$12.4 billionNet Income (TTM)$1.4 billionCompany SnapshotChipotle Mexican Grill operates a chain of fast-casual restaurants specializing in customizable Mexican-inspired cuisine, generating revenue primarily through direct restaurant sales of burritos, bowls, tacos, and other prepared food items.The company operates both company-operated and franchised restaurants, generating revenue through food and beverage sales at individual locations while maintaining operational control and brand consistency across its portfolio.The company serves health-conscious consumers and value-oriented diners seeking customizable, fast-casual dining experiences, with its target market spanning middle- to upper-income demographics across North America and select European markets.Chipotle Mexican Grill operates approximately 4,000 restaurant locations across the United States, Canada, the United Kingdom, France, Germany, and other European markets, positioning itself as a leading fast-casual dining concept with significant scale. The company differentiates itself by emphasizing high-quality, customizable ingredients and operational efficiency, enabling it to capture market share in the competitive quick-service restaurant sector. With $12.4 billion in TTM revenue and a market capitalization of $48.8 billion, Chipotle demonstrates substantial financial strength and investor confidence in its growth trajectory and operational execution.
What this transaction means for investorsThis sale from CFO Rymer shouldn't be something for investors to fret over, as it was merely done for tax purposes related to a preplanned transaction. Rymer still holds plenty of shares, so it isn't as though they are aligned with CMG stock's success over the long haul. Furthermore, since the transactions are scheduled and this sale is tax-related, this doesn't suggest they see Chipotle's stock as either discounted or overvalued.
As for Chipotle itself, I believe the stock remains a fairly interesting buy-the-dip opportunity, trading 45% below its all-time high. Following this pullback, CMG stock trades at 21 times cash from operations, well below its 10-year average of 35. What this P/CFO of 21 shows is that if Chipotle weren't spending heavily to grow its store count, it would be a reasonably valued compounder. Planning to grow its store count by 9% this year, Chipotle plans to steadily add to its current store count of over 4,100 locations.
Opening its first store in Mexico, and with a handful of new locations in foreign markets, it might not be unrealistic to consider that Chipotle could still double its store count, or more, over the long haul. Best yet, the company is buying back shares hand over fist while the stock's price is discounted. I'll be looking to buy more shares of the company for my daughter, as it is one of her favorite restaurants, an easy investment to learn from, and a reasonably priced stock right now.
Josh Kohn-Lindquist has positions in Chipotle Mexican Grill. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends the following options: short September 2026 $35 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
It has been about a month since the last earnings report for Chipotle Mexican Grill (CMG - Free Report) . Shares have lost about 3.4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Chipotle due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Chipotle Mexican Grill, Inc. before we dive into how investors and analysts have reacted as of late.
Chipotle Q2 Earnings & Revenues Beat EstimatesChipotle reported second-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while adjusted earnings remained unchanged from the prior-year quarter.
The company benefited from new restaurant openings, positive comparable restaurant sales and transaction growth. Marketing initiatives, menu innovation, Chipotle Rewards engagement and hospitality investments also supported performance. However, inflation, higher ingredient usage and increased operating expenses pressured margins.
CMG’s Q2 Earnings & Revenue DiscussionFor the quarter under review, CMG reported adjusted earnings per share of 33 cents, beating the Zacks Consensus Estimate of 32 cents by 3.13%. The bottom line remained unchanged from the year-ago quarter.
Quarterly revenues of $3.35 billion surpassed the consensus mark of $3.32 billion by 0.81%. The top line increased 9.3% year over year, driven primarily by new restaurant openings and comparable restaurant sales growth.
Comparable restaurant sales increased 2.2% against a 4% decline reported in the prior-year quarter. The improvement reflected a 1% increase in transactions and a 1.2% rise in average check.
During the second quarter, digital sales contributed 38.3% to total food and beverage revenues, up from 35.5% in the year-ago period. The Rewards relaunch, Summer of Extras campaign and new in-restaurant enrollment tools supported digital engagement.
CMG’s Q2 Costs, Operating Highlights & Net IncomeFood, beverage and packaging costs, as a percentage of revenues, were 29.7%, up from 28.9% in the year-ago quarter. The increase reflected inflation in beef and freight, along with higher protein and produce usage. Menu price increases and lower avocado and dairy costs partly offset these pressures.
Labor costs as a percentage of revenues came in at 25% compared with 24.7% reported in the prior-year quarter. The rise was attributable to wage inflation, performance-based bonuses and additional restaurant labor supporting operational and hospitality initiatives. Other operating costs represented 14.9% of revenues compared with 14% a year ago. Higher marketing, insurance, maintenance and utility expenses contributed to the increase.
In the second quarter, restaurant-level operating margin came in at 25.2% compared with 27.4% reported in the prior-year quarter. We predicted the metric to be 25%. Operating margin in the quarter declined 250 basis points year over year to 15.7%. We predicted the metric to be 15.9%.
Adjusted net income totaled $418.9 million compared with $450.4 million in the prior-year quarter. Our estimate for the metric was $418.8 million.
Balance Sheet of ChipotleAs of June 30, 2026, Chipotle had cash and cash equivalents of $228.2 million compared with $350.5 million as of Dec. 31, 2025.
During the quarter, CMG repurchased $630.7 million of stock at an average price of $32.55 per share. The company had $1.7 billion remaining under its share repurchase authorizations at quarter-end. For the first six months of 2026, net cash provided by operating activities was $1.33 billion compared with $1.12 billion in the year-ago period.
Chipotle’s Restaurant OpeningsStrength in new restaurant openings aided the company’s performance in the second quarter. Chipotle opened 100 company-owned restaurants, of which 80 featured a Chipotlane. It also opened one international partner-operated restaurant.
As of June 30, 2026, the company operated 4,186 company-owned restaurants and 15 partner-operated locations. Average restaurant sales were $3.102 million compared with $3.142 million in the prior-year quarter.
Chipotlanes continued to support guest convenience, new restaurant sales, margins and returns. Management remains confident in the company’s ability to operate at least 7,000 restaurants across North America.
CMG’s 2026 OutlookFor 2026, management now expects comparable restaurant sales growth in the low-single-digit range.
The company continues to anticipate 350-370 new restaurant openings, including 10-15 international partner-operated restaurants. Around 80% of new company-owned restaurants are expected to feature a Chipotlane.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.
VGM ScoresAt this time, Chipotle has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Chipotle has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Beacon Pointe Advisors LLC acquired a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 101,669 shares of the restaurant operator’s stock, valued at approximately $3,457,000.
Several other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC raised its stake in shares of Chipotle Mexican Grill by 4.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,804 shares of the restaurant operator’s stock worth $290,000 after acquiring an additional 214 shares in the last quarter. Groupama Asset Managment raised its position in Chipotle Mexican Grill by 1.9% in the 4th quarter. Groupama Asset Managment now owns 15,596 shares of the restaurant operator’s stock worth $568,000 after purchasing an additional 291 shares during the period. Catalyst Financial Partners LLC raised its position in Chipotle Mexican Grill by 4.6% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,763 shares of the restaurant operator’s stock worth $250,000 after purchasing an additional 298 shares during the period. Citizens Financial Group Inc. RI lifted its stake in Chipotle Mexican Grill by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 12,708 shares of the restaurant operator’s stock worth $407,000 after purchasing an additional 311 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Chipotle Mexican Grill by 14.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,523 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 316 shares during the last quarter. 91.30% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on CMG. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Evercore restated an “outperform” rating and set a $47.00 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Argus raised their price target on Chipotle Mexican Grill from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $36.00 price target (up from $35.00) on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Chipotle Mexican Grill currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.84.
Read Our Latest Analysis on Chipotle Mexican Grill Chipotle Mexican Grill Stock Up 2.3% NYSE:CMG opened at $38.08 on Friday. The firm’s fifty day simple moving average is $34.33 and its 200 day simple moving average is $33.94. The stock has a market cap of $48.19 billion, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.42 and a beta of 0.94. Chipotle Mexican Grill, Inc. has a twelve month low of $28.03 and a twelve month high of $42.81.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current fiscal year.
Insider Transactions at Chipotle Mexican Grill In other Chipotle Mexican Grill news, insider Matthew R. Bush sold 2,675 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $35.75, for a total value of $95,631.25. Following the completion of the sale, the insider directly owned 21,415 shares in the company, valued at $765,586.25. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by insiders.
(Free Report)
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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Bank of Nova Scotia bought a new position in Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,491,085 shares of the restaurant operator’s stock, valued at approximately $50,697,000. Bank of Nova Scotia owned approximately 0.12% of Chipotle Mexican Grill at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after acquiring an additional 18,660,882 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $4,417,475,000. Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock valued at $3,762,457,000 after acquiring an additional 13,843,222 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Chipotle Mexican Grill by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock valued at $2,162,572,000 after purchasing an additional 9,237,720 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Chipotle Mexican Grill by 17.7% during the fourth quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after acquiring an additional 6,796,285 shares in the last quarter. 91.30% of the stock is currently owned by hedge funds and other institutional investors.
Chipotle Mexican Grill Price Performance CMG opened at $36.84 on Monday. The business’s 50-day moving average is $33.80 and its two-hundred day moving average is $33.96. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.72. The firm has a market capitalization of $46.62 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last posted its earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, sell-side analysts expect that Chipotle Mexican Grill, Inc. will post 1.14 EPS for the current year. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on the stock. Evercore reissued an “outperform” rating and set a $47.00 price objective on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. DA Davidson upped their price target on shares of Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Mizuho upped their target price on shares of Chipotle Mexican Grill from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings raised Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Finally, UBS Group reissued a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.16.
Check Out Our Latest Report on Chipotle Mexican Grill
(Free Report)
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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Chipotle is teaming up with superfan and top-ranked U.S. men's tennis player Taylor Fritz to launch "Every Win Tastes Better," giving fans a chance to score BUY-ONE-GET-ONE (BOGO) entrée offers after every Fritz men's singles victory in New York After each win, Fritz will share a unique text-to-win code on his Instagram Story, with more BOGO offers up for grabs as he advances through the tournament¹ Chipotle and Penn are launching a limited-edition tennis ball caddy inspired by Chipotle's iconic foil-wrapped burrito, which Fritz will give away at a special restaurant appearance during Fan Week² , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced "Every Win Tastes Better," a new promotion celebrating top-ranked U.S. men's tennis player and Team Chipotle athlete Taylor Fritz. As Chipotle helps fuel Fritz's pursuit of becoming the first American in 23 years to win the men's singles title at New York's premier tennis tournament, fans can unlock BUY-ONE-GET-ONE (BOGO) entrée offers after each Fritz men's singles victory, with more offers available as he advances.¹
Chipotle is teaming up with top-ranked U.S. men’s tennis player and Team Chipotle athlete Taylor Fritz for “Every Win Tastes Better,” a new promotion offering fans the chance to score BOGO entrée offers after each of Fritz’s men’s singles victories in New York. Fritz has been a Team Chipotle athlete for the past three seasons and wears the Chipotle logo on his left sleeve during tournaments.
Chipotle and Penn are launching a limited-edition tennis ball caddy inspired by Chipotle’s foil-wrapped burrito. Fritz will give away the caddies during a special appearance at Chipotle’s 600 Third Ave. restaurant in New York City on August 26. Chipotle has long been part of Fritz's tournament routine. During his title run in Washington, D.C., earlier this month, Fritz shared that he ate Chipotle every off day and before each of his night matches. Now, Chipotle is turning that personal ritual into a celebration fans can join throughout his run in New York.
A Team Chipotle athlete for the past three seasons, Fritz has worn the Chipotle logo on his left sleeve during tournaments and is a Chipotle Celebrity Card holder, giving him access to free Chipotle.
How Tennis Fans Can Score BOGOs
Following each singles victory in New York, Fritz will share a unique text-to-win code via Instagram Story from his account, @taylor_fritz. The first fans to text each code to 888-222 will receive a BOGO entrée offer redeemable on the Chipotle app or Chipotle.com, while supplies last.¹
The number of BOGO offers will increase as Fritz advances through the men's singles tournament:
Round 1: 2,500 BOGO offers Round 2: 3,000 BOGO offers Round 3: 3,500 BOGO offers Round of 16: 4,000 BOGO offers Quarterfinal: 4,500 BOGO offers Semifinal: 5,000 BOGO offers Final: 10,000 BOGO offers "Taylor doesn't just represent Chipotle on the court—our food is genuinely part of how he prepares and competes," said Stephanie Perdue, Senior Vice President of Brand Marketing at Chipotle. "We built 'Every Win Tastes Better' around that authentic connection, turning Taylor's personal tournament ritual into a shared one and giving fans another reason to celebrate every time he wins."
"Anyone who follows me knows I eat a lot of Chipotle when I'm playing tournaments," said Taylor Fritz. "I love that every time I win a singles match in New York, fans have another chance to score a BOGO. I'm trying to make them give away as much as possible."
Fritz Serves Up a Special Fan Week Appearance and Limited-Edition Penn x Chipotle Drop
Chipotle is teaming up with tennis ball brand Penn to introduce a limited-edition Penn x Chipotle tennis ball caddy inspired by Chipotle's iconic foil-wrapped burrito. On Wednesday, August 26, Fritz will make a special appearance at the Chipotle restaurant at 600 Third Ave. in New York City to meet fans and give away the limited-edition caddies.² Each will include a can of Penn's new Pro Penn Marathon+ tennis balls.
The first 30 guests to visit the restaurant between 10:30 a.m. and 11:00 a.m. ET on August 26 will receive access to the event and a limited-edition caddy.²
1 — Open to 50 U.S. & D.C. 13+. Promo begins on 8/25/26 and ends on 9/8/26 or when all codes have been claimed, whichever occurs first. Limit one code per person per advancement. Chipotle will notify by text message if selected as a winner. Standard text and data rates may apply. See Terms for complete details: chipotle.com/text.
2 — While supplies last. Limit one per person. No purchase necessary. Guest must be eighteen (18) years of age or older, or an immediate family member or under legal guardianship of guest. In the event guest engages in behavior that, as determined by Chipotle or the representatives of Taylor Fritz in their sole discretion, is obnoxious or threatening, illegal or that is intended to annoy, abuse, threaten or harass any other person, Chipotle reserves the right to refuse entry or dismiss guest from the premises prior to completion of the event. Additional restrictions may apply; void where prohibited.
ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit chipotle.com.
Bank of New York Mellon Corp acquired a new position in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,553,198 shares of the restaurant operator’s stock, valued at approximately $222,809,000. Bank of New York Mellon Corp owned approximately 0.52% of Chipotle Mexican Grill as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in the stock. Wealth Watch Advisors INC purchased a new stake in shares of Chipotle Mexican Grill in the third quarter worth about $25,000. MV Capital Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $26,000. Osbon Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $28,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter worth $28,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Chipotle Mexican Grill in the second quarter worth $28,000. Institutional investors own 91.30% of the company’s stock.
Chipotle Mexican Grill Price Performance Shares of NYSE CMG opened at $36.84 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $28.03 and a 1 year high of $43.72. The stock has a market capitalization of $46.62 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.35 and a beta of 0.94. The company’s 50-day moving average is $33.80 and its 200 day moving average is $33.99.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. Chipotle Mexican Grill had a net margin of 11.43% and a return on equity of 54.65%. Chipotle Mexican Grill’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Research analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year. Wall Street Analysts Forecast Growth Several equities analysts recently commented on the company. DA Davidson boosted their target price on Chipotle Mexican Grill from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Barclays lowered their price objective on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, August 5th. Weiss Ratings raised shares of Chipotle Mexican Grill from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, April 30th. Twenty-four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.16.
Check Out Our Latest Research Report on CMG
(Free Report)
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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Key Takeaways Chipotle sees room for 7,000 North American restaurants while sustaining about 350 annual company openings.CMG's new restaurants maintain roughly 80% productivity, with second-year cash-on-cash returns near 60%.High-efficiency equipment is boosting peak throughput and is targeted for systemwide rollout in 2027. Chipotle Mexican Grill, Inc. (CMG - Free Report) continues to see the potential to operate at least 7,000 restaurants in North America while maintaining a measured development strategy. The company continues to view approximately 350 company-operated openings annually as a sustainable pace, reflecting an emphasis on preserving restaurant execution and the strength of the existing store base as the system expands.
The expansion case is supported by resilient new-unit economics. New restaurant productivity has remained around 80%, while second-year cash-on-cash returns continue to approximate 60%. Meanwhile, the impact of new openings on comparable restaurant sales has held at roughly 100 basis points, consistent with historical levels, even as Chipotle adds restaurants in some of its more densely penetrated markets.
Operational investments could provide additional support as the restaurant base grows. Chipotle’s high-efficiency equipment package is improving food preparation and throughput, with equipped restaurants outperforming the broader system by two to three entrees during peak 15-minute periods. The equipment is now standard in new restaurants, while Chipotle hopes to complete the rollout across the existing portfolio sometime in 2027.
The development model, however, remains sensitive to the pace of expansion. Chipotle has acknowledged that accelerating materially beyond its current annual opening rate could create diminishing returns or place pressure on the existing restaurant network.
CMG’s ability to reach 7,000 North American restaurants without weakening store economics will likely depend on whether its disciplined development approach continues to hold as the footprint expands. So far, stable new-unit productivity and returns suggest that the company’s growth runway remains intact.
Chipotle’s Competitive LandscapeCAVA Group, Inc. (CAVA - Free Report) is also expanding rapidly while maintaining strong new-unit performance. The company ended the second quarter with 476 restaurants after opening 17 net new locations and expects 75-77 net new openings in 2026. New restaurant productivity remained above 100%, with recent openings exceeding expectations on both sales and margin performance, while systemwide average unit volumes reached $3.1 million. CAVA is also incorporating recent opening performance into its site-selection models as it seeks to maintain attractive cash-on-cash returns as development continues.
McDonald’s Corporation (MCD - Free Report) , meanwhile, is pursuing the fastest period of restaurant growth in its history but has adjusted its development pace to preserve attractive returns. The company now expects to reach 50,000 restaurants globally in 2028 rather than by the end of 2027, citing a pressured consumer environment and cumulative inflation in development costs. McDonald’s remains on track for about 2,600 gross openings in 2026 and continues to allocate capital to new restaurants based on their ability to generate attractive returns. The company emphasized that the timing adjustment reflects a focus on quality over quantity and ensuring new openings deliver appropriate returns.
The competitive backdrop reinforces the importance of balancing expansion with restaurant economics. CAVA is demonstrating strong productivity from a much smaller base, while McDonald’s is adjusting development to protect returns as costs and consumer conditions evolve. For Chipotle, maintaining disciplined development as market density rises will be important to preserving the economic strength that supports its long-term North American growth opportunity.
CMG’s Price Performance, Valuation & EstimatesShares of Chipotle have declined 19.2% in the past year compared with the industry’s fall of 7.3%.
CMG One-Year Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Chipotle trades at a forward price-to-sales (P/S) multiple of 3.16, above the industry’s average of 3.11.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CMG’s 2026 earnings per share (EPS) implies a year-over-year decline of 2.6%. The EPS estimates for 2026 have increased in the past 30 days.
EPS Trend of CMG Stock
Image Source: Zacks Investment Research
CMG’s Zacks RankChipotle stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BlackRock Inc. purchased a new stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 129,925,735 shares of the restaurant operator’s stock, valued at approximately $4,417,475,000. BlackRock Inc. owned approximately 10.27% of Chipotle Mexican Grill as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of CMG. Vanguard Group Inc. increased its holdings in Chipotle Mexican Grill by 14.8% during the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the period. Capital World Investors lifted its holdings in Chipotle Mexican Grill by 15.8% during the fourth quarter. Capital World Investors now owns 101,688,010 shares of the restaurant operator’s stock worth $3,762,457,000 after buying an additional 13,843,222 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Chipotle Mexican Grill by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,447,867 shares of the restaurant operator’s stock worth $2,162,572,000 after buying an additional 9,237,720 shares during the period. Capital International Investors increased its holdings in shares of Chipotle Mexican Grill by 17.7% in the 4th quarter. Capital International Investors now owns 45,294,212 shares of the restaurant operator’s stock valued at $1,675,895,000 after acquiring an additional 6,796,285 shares during the period. Finally, Norges Bank purchased a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $711,837,000. Hedge funds and other institutional investors own 91.30% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on CMG shares. Citigroup decreased their price objective on Chipotle Mexican Grill from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 13th. UBS Group reiterated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Friday, July 31st. Stephens reiterated a “positive” rating and issued a $40.00 target price (up from $36.00) on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and issued a $42.50 target price on shares of Chipotle Mexican Grill in a report on Thursday, July 30th. Finally, Argus increased their price target on shares of Chipotle Mexican Grill from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Twenty-four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.16.
Get Our Latest Research Report on CMG Chipotle Mexican Grill Trading Down 1.2% NYSE CMG opened at $33.36 on Wednesday. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $43.99. The company has a fifty day simple moving average of $33.55 and a two-hundred day simple moving average of $34.03. The stock has a market cap of $42.22 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.13 and a beta of 0.94.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Chipotle Mexican Grill had a return on equity of 54.65% and a net margin of 11.43%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, sell-side analysts forecast that Chipotle Mexican Grill, Inc. will post 1.14 earnings per share for the current year.
(Free Report)
Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.
The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.
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The Salish Matter Order features a Kid's Cheese Quesadilla with white rice, black beans and guac, served with kid's chips and chocolate milk, available exclusively in the Chipotle app and on Chipotle.com for a limited time The collaboration was inspired by Salish's organic Chipotle fandom and marks the brand's first creator spotlight on a Kid's Meal Fans can enter to win the Ultimate Chipotle Creator Experience and meet Salish Matter in Los Angeles1 , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today introduced the Salish Matter Order, bringing the creator's favorite Kid's Quesadilla to the Chipotle app and Chipotle.com for a limited time. Inspired by Salish's longtime love of Chipotle, the collaboration marks the brand's first creator spotlight on a Kid's Meal and makes Salish the youngest creator to have a digital menu item at Chipotle. The launch also highlights the growing influence of Gen Alpha on family dining decisions and how younger consumers discover brands through trusted creators.
The Salish Matter Order features a Kid's Cheese Quesadilla with white rice, black beans and guac, served with kid's chips and chocolate milk, available exclusively in the Chipotle app and on Chipotle.com for a limited time. The Salish Matter Order features a Kid's Cheese Quesadilla with white rice, black beans and hand-mashed guac, served with kid's chips and chocolate milk.
A Partnership Rooted In Superfandom
One of the most recognizable creators among Gen Alpha audiences, Salish Matter reaches millions of fans through family-friendly content with her father, Jordan Matter. Their YouTube channel, @JordanMatter, has more than 37 million subscribers, and Salish has built her own loyal following through social media and as a co-founder of Sincerely Yours, a skincare brand created for teens and tweens.
For years, Salish has organically featured Chipotle in her content and become known for ordering the same Kid's Cheese Quesadilla every time she visits. Salish served Chipotle's cheese quesadillas at her sold-out SUGARWRLD event in Santa Monica earlier this summer (see HERE, HERE) and recently posted about how obsessed she is with the brand (see HERE).
Salish Brings Her Go-To Order To Fans
The campaign kicks off with playful social content from Salish on Instagram announcing that fans nationwide can now order her go-to Kid's Meal through the Chipotle app and Chipotle.com.
To celebrate the launch, Chipotle is featuring Salish and her signature order on menu boards across Los Angeles and Orange County, Calif., where the creator grew up and built much of her fanbase.
Photo assets are available here: www.dropbox.com/scl/fo/bjjff00cj4y748ycrequ9/AMvNuAMnugfZfiPfOlmtNF0?rlkey=qzjne2msx7k296xy77ij9lg61&st=grw5hty1&dl=0
Win The Ultimate Chipotle Creator Experience and Meet Salish Matter
Between August 19, 2026 and September 4, 2026, five fans who share where they're enjoying their Salish Matter Order on Instagram using the hashtag #SalishxChipotle will be selected to win the Ultimate Chipotle Creator Experience in Los Angeles.1 The experience will include:
Round-trip travel and accommodations to Los Angeles for the winner and a parent or legal guardian An in-restaurant Chipotle experience and lunch with Salish The opportunity to create content with Salish Salish's favorite Chipotle Goods merchandise and Sincerely Yours products "I get Chipotle basically every day and I never switch up my order. The Kid's Cheese Quesadilla is always my fav!" said Salish Matter. "Being the youngest creator to have my order on the Chipotle menu is honestly such a big moment for me because I've genuinely loved Chipotle for years."
Why Gen Alpha Matters
According to Datassential's February 2026 research, Gen Alpha significantly influences where families choose to eat and develops strong preferences for food brands and restaurant chains at an early age. Additionally, 75% of Gen Alpha show an interest in learning about the food they eat, while 61% enjoy watching cooking shows.2
"Authenticity matters when connecting with Gen Alpha, and Salish's genuine connection to Chipotle made this collaboration a natural fit," said Stephanie Perdue, Senior Vice President of Brand Marketing at Chipotle. "This generation is increasingly discovering brands through the creators they love, and Salish gives families a fun way to experience Chipotle together through someone their kids already know and are excited about."
The Salish Matter Order is available exclusively through the Chipotle app and Chipotle.com beginning August 19 for a limited time.
1 – NO PURCHASE NECESSARY. Open to legal residents of the 50 U.S. & D.C. who are 13 years of age or older. Contest Period: August 19, 2026 at 9:00 a.m. PT to September 4, 2026 at 11:59 p.m. PT. To enter the Contest, post a photo on Instagram showing off where you eat your Salish Meal using #SalishxChipotle. See Official Rules at Chipotle.com/salish-quesadilla-contest for additional eligibility restrictions, judging criteria, prize descriptions/restrictions/ARV's, and complete details. Sponsor: CMG Strategy Co., LLC.
2 – Datassential: Gen Alpha Update HotShot Report (February 2026)
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit Chipotle.com.
About Salish Matter
Salish Matter is an award-winning creator, entrepreneur and entertainment personality with one of social media's most engaged audiences. A two-time Nickelodeon Kids' Choice Award winner, Salish was named to the 2026 TIME100 Creators list and ranks as the No. 2 highest-engaged creator on TikTok.
Beyond social media, Salish has expanded into entertainment and entrepreneurship through a multi-title talent deal with Netflix and as co-founder of Sincerely Yours, a skincare brand created for teens and tweens. The brand made its debut with a record-breaking launch event at American Dream that drew more than 80,000 fans, demonstrating Salish's ability to translate her digital following into real-world cultural moments.
When investors try to predict future stock prices, they're engaging in an activity that's both an art and a science. That's because no one knows what will happen, obviously.
But those who own or are considering purchasing stock in a company should make the effort. Doing it in a way that has some chance of being accurate requires developing an understanding of the business and making some assumptions, but you'll find the effort worthwhile.
Chipotle Mexican Grill (CMG +3.69%) has encountered some challenges this year. But where can we expect its stock price to be in five years?
Image source: Getty Images.
The business Chipotle Mexican Grill serves Mexican-style food such as burritos, quesadillas, tacos, and salads. The fast-casual restaurant seeks to use fresh ingredients without artificial colors, flavors, or preservatives.
The company has had a lot of success, but results have been challenging recently. That's because consumers have faced broadly higher prices for most of their purchases, and their paychecks haven't kept up with inflation.
In the second quarter, Chipotle's same-store sales increased 2.2%. While that was not great, it was an improvement from the first quarter's 0.5% gain. Positively, in Q2, higher traffic contributed 1 percentage point to that growth. That shows people remain attracted to the restaurant.
The spending breakout shows how persistent inflation has weighed on consumers. Higher spending added 1.2 percentage points to the same-store sales gain. However, this was entirely due to Chipotle's price increases (1.6 percentage points), and customers shifting to lower-priced items subtracted 0.4 percentage points from the final result.
Adding to the company's woes, a salmonella outbreak was linked to jalapeños served at Chipotle. Still, management appeared to act quickly to address the issue with its supplier, which means customers aren't likely to permanently stop visiting its restaurants.
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Meanwhile, the company has continued its expansion plans. Starting in 1993, it grew to nearly 4,100 restaurants as of June 30, 2026.
Management opened 144 new locations, net of closures, during the first six months of the year. It plans to open 350 to 370 restaurants total for the year.
Putting it together Diluted earnings per share (EPS) were flat in the second quarter, compared to a year ago. Assuming the inflationary environment becomes more benign, people may feel more comfortable spending money on eating out. That should help Chipotle's sales and earnings growth.
Chipotle earned $1.14 a share in 2025. From 2020 through 2025, EPS grew 357%.
Assuming its earnings grow at a much slower rate over the next five years -- say, 200% -- that would bring Chipotle's EPS to $3.42 in 2030.
The stock trades at a price-to-earnings (P/E) ratio of 31.
Assuming that ratio stays constant, multiplying the EPS by the P/E points to a stock price of $106. That's more than triple the current stock price of $33.50.
Of course, that's still a rapid earnings growth rate. What if it slows down to 50% over the next five years? Chipotle Mexican Grill's stock price would increase to $53, 58% above its current price. Investors would undoubtedly be pleased with that performance.
On Thursday, August 20, guests wearing school apparel or accessories can receive a BUY-ONE-GET-ONE (BOGO) entrée offer from 3 p.m. to close local time¹ at participating Chipotle restaurants. On Sundays, August 23, August 30 and September 6, guests who order two or more entrées after 3 p.m. local time on the Chipotle app or website can receive a free entrée with code SUNDAYS.2 , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced a School Spirit BOGO and three consecutive weeks of a "Chipotle Sundays" dinner offer, bringing more value to fans during the back-to-school season.
On Thursday, August 20, guests wearing school apparel or accessories can receive a BUY-ONE-GET-ONE (BOGO) entrée offer from 3 p.m. to close local time at participating Chipotle restaurants.
On Sundays, August 23, August 30 and September 6, guests who order two or more entrées after 3 p.m. local time on the Chipotle app or website can receive a free entrée with code SUNDAYS. Chipotle School Spirit BOGO
As students head back to the classroom, Chipotle is giving fans another reason to rep their pride with a School Spirit BOGO. On Thursday, August 20, guests wearing school apparel or accessories can purchase an entrée at participating Chipotle restaurants in the U.S. from 3 p.m. to close local time and receive a second entrée for free. From middle and high school spirit wear to college tees, sweatshirts, jerseys and hats, school gear is the ticket to a free entrée.1
The Chipotle Sundays Reset
On TikTok, "Chipotle Sundays" has emerged as an end-of-weekend ritual, with fans turning to Chipotle for a quiet meal at home or an easy dinner with friends (see HERE, HERE). Chipotle is leaning into the trend this back-to-school season by helping fans reset for the week ahead with three consecutive Sundays of dinner offers.2 Starting Sunday, August 23, guests in the U.S. and Canada who order two or more entrées after 3 p.m. local time on the Chipotle app, Chipotle.com or Chipotle.ca can receive a free entrée with code SUNDAYS.2
Here is the full Chipotle Sundays schedule:
Sunday, August 23 Sunday, August 30 Sunday, September 6 "Back-to-school season is all about showing your school spirit and getting back into the routines that make the week feel a little easier," said Stephanie Perdue, Senior Vice President of Brand Marketing at Chipotle. "Whether you're repping your school or resetting with Chipotle on a Sunday, these offers are about meeting our guests in the moments that matter to them with real food and great value."
Chipotle U Rewards
Last back-to-school season, the brand introduced Chipotle U Rewards, a student loyalty program that rewards key milestones in the college experience. Members score 1,000 bonus points when they sign up and earn 20% more points with every purchase, helping them get free Chipotle faster. College students enrolled in Chipotle Rewards can sign up for Chipotle U Rewards and validate their enrollment through ID.me by visiting Chipotle.com/chipotle-u-rewards.
1 – The BUY-ONE-GET-ONE (BOGO) promotion is limited to five free entrées per check and is subject to availability. Each free item requires purchase of an entrée item of equal or greater value and may be used only by the customer wearing school apparel or accessories, as determined by the restaurant, in a single transaction. Valid only on August 20, 2026, after 3:00 p.m. local time. Redeemable in-restaurant only, at participating U.S. Chipotle locations during regular business hours; not valid for catering, mobile, online or delivery orders. Purchased items are eligible for Chipotle Rewards points; the promotion may not otherwise be combined with other coupons, promotions, or special offers. Additional restrictions may apply; void where prohibited.
2 – Chipotle Sundays Terms: Valid 8/23/26, 8/30/26 and 9/6/26 on same-day digital orders placed after 3:00 p.m. at participating Chipotle restaurants in the U.S. and Canada. One free entrée with purchase of at least two other entrées. Promo code required. Redemption subject to availability. Chipotle.com and mobile app only. Additional restrictions apply; void where prohibited. Full terms: Chipotle.com/sundays.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit chipotle.com.
A cyclospora outbreak and salmonella flare up are putting food safety and restaurants to the test in the US. It also caused consumers to cut back on eating out and food brands to take a closer look at their supply chains. Bloomberg's Romaine Bostick reports.
Chipotle Mexican Grill remains a Buy, supported by robust financials, aggressive buybacks, and ongoing domestic and international expansion. Q2 saw mixed results: 9.3% revenue growth, a 2.2% comp sales increase, but margin compression amid macro headwinds and consumer caution. CMG plans 350–370 new restaurant openings, with 80% featuring Chipotlanes, and maintains a strong capital-light, debt-free balance sheet.
Key Takeaways Chipotle raised its 2026 comp outlook to low-single-digit growth after Q2 comps rose 2.2%.Chipotle's Recipe for Growth, menu innovation and improved throughput are supporting customer demand.Q3 comps are expected near 1%, making sustained traffic growth crucial to the recovery.
Chipotle Mexican Grill, Inc. (CMG - Free Report) is showing early signs of recovery after a difficult start to 2026. The company raised its full-year comparable sales outlook to the low-single-digit range, supported by improving traffic and stronger execution.
In the second quarter, comparable sales increased 2.2%, helped by 1% transaction growth. Revenues climbed 9.3% to $3.3 billion, while digital sales reached 38.3% of total sales.
Several initiatives are beginning to support demand. Chipotle's Recipe for Growth strategy focuses on menu innovation, restaurant execution, loyalty and digital engagement. The return of Chipotle Honey Chicken and the popularity of Cilantro Lime Sauce helped attract customers. Management also expects these initiatives to create additional transaction growth into 2027.
Operational improvements provide another potential catalyst. The company's high-efficiency equipment package is improving throughput, with equipped restaurants processing two to three additional entrees during peak periods. The rollout is expected to reach about 2,000 restaurants by year-end.
Still, the recovery is not without risks. Management expects third-quarter comps of roughly 1% amid softer recent trends and challenging comparisons.
Overall, Chipotle appears to be moving in the right direction. But sustained traffic growth will be crucial to prove that the worst is truly over.
CMG’s Recovery Stands Out Among Fast-Casual PeersChipotle appears better positioned than some fast-casual rivals as consumer demand remains uneven. CAVA Group (CAVA - Free Report) delivered strong second-quarter 2026 results, with same-restaurant sales rising 9%, supported by 5.3% guest traffic growth. The company also maintained its full-year outlook for 4.5-6.5% same-restaurant sales growth. CAVA’s performance highlights the importance of traffic and menu appeal in a cautious spending environment.
Sweetgreen (SG - Free Report) faced a more difficult quarter. Its second-quarter 2026 same-store sales declined 6.2%, while traffic fell 2%. Sweetgreen also lowered its full-year outlook and now expects same-store sales to decline 7-8% in 2026.
Against these contrasting trends, CMG's low-single-digit 2026 comp outlook looks relatively encouraging. Its second-quarter comparable sales increased 2.2%, with transactions up 1%. Management also sees further potential from menu innovation, Rewards, digital initiatives and improved restaurant throughput.
CMG’s Stock Price Performance, Valuation & EstimatesShares of Chipotle have declined 10.1% in the past six months, underperforming the industry and the S&P 500.
CMG Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CMG trades at a forward price-to-sales (P/S) multiple of 2.99, below the industry’s average of 3.17.
CMG’s P/S Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
EPS Trend of CMG StockIn the past 30 days, the earnings estimates for 2026 and 2027 have witnessed upward revisions.
Image Source: Zacks Investment Research
CMG currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The opening at Sidra in Riyadh marks Chipotle's entry into the Kingdom and continues the brand's expansion across the Middle East with franchise partner Alshaya Group , /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced the opening of its first restaurant in the Kingdom of Saudi Arabia (KSA) later this month in partnership with Alshaya Group, a leading international franchise retail operator. Located at Sidra, the premier dining destination in Riyadh next to the Granada Mall, the restaurant marks Chipotle's entry into Saudi Arabia and another milestone in the company's international growth strategy.
Chipotle will open its first restaurant in the Kingdom of Saudi Arabia later this month at Sidra in Riyadh, in partnership with Alshaya Group. The opening marks Chipotle’s entry into Saudi Arabia and continues the brand’s expansion across the Middle East. The Riyadh restaurant will serve Chipotle's menu of burritos, bowls, tacos, quesadillas and salads, all made with responsibly sourced, classically cooked real ingredients and prepared in an open kitchen. Guests will be able to customize their meals with a choice of proteins, rice, beans, salsas, toppings and Chipotle's signature hand-mashed guacamole.
"We're pleased to introduce Chipotle to guests in Saudi Arabia for the first time," said Nate Lawton, Chief Business Development Officer at Chipotle. "Expanding into the Kingdom advances our international growth strategy and provides a compelling opportunity to serve one of the Middle East's most dynamic consumer markets. Riyadh is home to one of the region's leading shopping and leisure destinations, making it an exceptional place to introduce our brand to both local guests and international visitors. Together with Alshaya Group, we look forward to delivering the distinctive Chipotle experience and establishing a strong long-term presence in the country."
The opening builds on Chipotle's continued expansion in partnership with Alshaya Group. Since 2024, Chipotle has opened 16 restaurants across the Middle East, including seven in the United Arab Emirates, seven in Kuwait and two in Qatar.
Jeff Kellen, President, Hospitality division at Alshaya Group, said: "Since its launch in the region over two years ago, Chipotle has surpassed all expectations to become one of our most loved brands. Knowing how eagerly consumers in KSA have awaited its arrival, we look forward to meeting their expectations with Chipotle's delicious, fresh, and real-ingredient menu."
Chipotle's International Growth
Chipotle continues to expand its international footprint with more than 80 company-owned restaurants in Canada, 21 in the U.K., six in France and two in Germany. The company, in partnership with Alsea, a leading restaurant operator in Latin America, recently entered Mexico with its first restaurant in Nuevo León. Chipotle currently operates more than 4,200 restaurants worldwide and expects to open between 350 and 370 new restaurants in 2026 as it continues to execute its "Recipe for Growth" strategy, including a target of operating 7,000 locations in the U.S. and Canada.
Chipotle's business development group, led by Lawton, continues to evaluate strategic opportunities to accelerate the company's global expansion through partnerships, joint ventures and development agreements. Information on submitting a proposal can be found at https://ir.chipotle.com/contact-us.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit Chipotle.com.
About Alshaya Group
Alshaya Group is a dynamic family-owned business, first established in Kuwait in 1890. With a consistent record of growth and innovation, Alshaya Group is one of the world's leading brand franchise operators, offering an unparalleled choice of over 50 well-loved, international brands to customers.
Alshaya Group's portfolio extends across the Middle East and North Africa (MENA), Türkiye and Europe, with over 3,500 stores, cafes, restaurants, and leisure destinations, major logistics and food production operations, as well as over 125 online and digital businesses including one of the region's biggest retail loyalty programmes, Aura.
Operating in multiple sectors including Fashion, Food, Health & Beauty, Pharmacy, and Hospitality & Entertainment, over 50,000 Alshaya colleagues are united by a commitment to authentically deliver great customer service and brand experiences.
Learn more about Alshaya Group at www.alshaya.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about the timing of opening the first Chipotle restaurant in Saudi Arabia, Chipotle's prospects for business in Mexico, the Middle East and Asia, Chipotle's plans to open between 350 and 370 new restaurants in 2026, and its "Recipe for Growth," including its target of operating 7,000 locations in the U.S. and Canada. We use words such as "anticipate," "expect," "believe," "could," "should," "may," "are confident" and similar terms and phrases to identify forward-looking statements. The forward-looking statements in this press release are based on currently available operating, financial and competitive information, available to us as of the date of this release and speak only as of the date they are made. We assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements, including the risks described from time to time in our SEC reports, including our annual report on Form 10-K and quarterly reports on Form 10-Q, all of which are available on the investor relations page of our website at ir.chipotle.com.
Computer Modelling Group TSE: CMG said first-quarter fiscal 2027 revenue declined as growth from recent acquisitions was outweighed by lower organic revenue and a planned reduction in non-core professional services work, while management reaffirmed its full-year outlook for stable organic recurring revenue and no reduction in adjusted EBITDA from fiscal 2026.
Total revenue for the quarter was C$27.8 million, down year over year. Chief Financial Officer Vipin Khullar said 10% growth from acquisitions was offset by a 16% organic decline. Organic recurring revenue fell 12% during the quarter, which Chief Executive Officer Pramod Jain said marked the final period affected by the comparison with a contract lost last year.
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“Our outlook is for stabilization to return to the business,” Jain said, adding that the company remains focused on organic growth, acquisitions and capital deployment toward what it considers the highest risk-adjusted-return opportunities.
Acquisition Growth Offsets Part of Organic Decline Recurring revenue declined 3% overall in the first quarter. Khullar said acquired businesses contributed 9% recurring revenue growth, including SeisWare and Rose, which were acquired during fiscal 2026. Both acquisitions contributed positively to adjusted EBITDA in the quarter despite seasonal revenue recognition that is weighted toward the second half of the year, he said.
Professional services revenue also declined organically. Khullar attributed the drop primarily to the end of CoFlow-related development funding at the close of calendar 2025 and the continuing wind-down of non-core professional services activity at Bluware. He said CMG had underwritten the Bluware acquisition based on its software growth potential and expected non-core services to be phased out.
Rose partly offset that reduction, with acquired professional services revenue rising 13% and Rose producing a strong first full quarter under CMG ownership, according to Khullar.
Adjusted EBITDA and adjusted EBITDA margin decreased in the quarter because of lower organic recurring revenue and professional services revenue, though the company cited continued cost management. Free cash flow fell to C$3.5 million, reflecting revenue trends and higher income taxes.
Current income tax expense was C$1.5 million, compared with C$900,000 a year earlier. Khullar said the current-quarter amount included a C$400,000 prior-period adjustment and noted that tax expense can fluctuate depending on the jurisdictional mix of income, taxation of cross-border transactions and foreign exchange movements.
Management Reaffirms Full-Year Outlook For the second quarter, CMG expects organic recurring revenue to increase sequentially as a larger portion of renewals occurs in the period. Khullar said the company’s recurring revenue typically builds through the fiscal year, with the first quarter usually its lightest and the fourth quarter generally its heaviest.
However, CMG expects professional services revenue to decline both sequentially and year over year in the second quarter. The company expects the period to be the fiscal year’s lowest quarter for professional services, citing the completion of the Bluware services wind-down, product timing and lower billable activity during summer months.
CMG also expects adjusted EBITDA to decline sequentially and year over year in the second quarter, driven by lower professional services revenue and higher sales and marketing expenses tied to agent commissions on second-quarter contract renewals.
Stable organic recurring revenue growth for fiscal 2027. No reduction in adjusted EBITDA relative to fiscal 2026. Year-over-year improvement in free cash flow. A professional services revenue decline of C$6 million to C$7 million for the year, toward the higher end of the range. Khullar said the revised professional-services outlook reflects a faster-than-forecast wind-down of Bluware’s non-core services operations.
Energy Security and EOR Opportunities Jain said customer discussions point to greater interest in maximizing recovery from existing assets, including through enhanced oil recovery, or EOR, technologies. He said operators are targeting recovery factors as high as 50% and that CMG is directing sales efforts toward the growing importance of EOR globally.
Management also cited increased opportunities for its portfolio approach, in which customers can use multiple technologies from CMG’s acquired businesses alongside its reservoir simulation products. Jain said CMG is increasingly pursuing joint proposals involving two or three companies in its group.
He highlighted renewed interest from international operators in Venezuela, Mexico, Algeria, Angola, Nigeria and Libya, describing those locations as markets with complex reservoirs, heavy oil and mature fields. Jain cautioned that it remains early but said the company sees opportunities developing across the group.
During the question-and-answer session, Jain said EOR processes can take time to move from requests for proposals to commercial wins, but he is seeing more opportunities nearer to commercialization than in the past. He also said CMG renewed all of its contracts in the Middle East, though prospective business in countries where it did not previously have a presence was delayed by regional conflict.
Share Repurchase to Be Funded Through Credit Facility CMG announced a substantial issuer bid and expects to draw up to C$20 million from its existing credit facility to fund it. Jain said the company believes its shares are trading below what the business is worth and views the repurchase as an opportunistic use of capital while maintaining its acquisition strategy.
Over the past two-and-a-half years, CMG has deployed more than C$90 million and completed four major acquisitions. Jain said the acquisition pipeline remains active, but the company is maintaining its standards on price and expected returns.
Khullar said expected fiscal 2027 free cash flow should be more than sufficient to deleverage the portion of the credit facility used to fund the issuer bid. Jain said acquisitions and buybacks are not mutually exclusive, and that CMG intends to continue pursuing transactions that meet or exceed its return thresholds.
About Computer Modelling Group (TSE:CMG)Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.
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Lettuce prices cratered in July as the multistate cyclospora outbreak pushed diners to shun the leafy green.
Prices for the vegetable tumbled 16.4% from June, the largest one-month decline on record, according to seasonally adjusted data released Wednesday by the Bureau of Labor Statistics. Lettuce also posted the sharpest month-over-month deflation within the consumer price index's food category in July, which saw overall prices tick up 0.1% in the period.
"It's very likely due to the cyclospora outbreak and consumers just not wanting to buy lettuce right now," said Jeremy Horpedahl, an associate economics professor at the University of Central Arkansas. The "consumer is just wanting to stay away from this product."
July's declines pulled lettuce prices off all-time highs posted this summer. But lettuce prices are still up around 7.5% in July compared with a year ago, more than double the pace of price growth seen across the closely followed CPI basket.
Lettuce's runup before this month was driven by the Iran war boosting fertilizer prices and President Donald Trump's mass deportations resulting in increased labor costs for U.S. farms.
This recent boom-and-bust price cycle may remind consumers of the cost fluctuations in eggs over recent years, Horpedahl said. While prices initially surged as the bird flu drove down supply, costs have since fallen drastically this year.
The Food and Drug Administration called out iceberg lettuce processed at a Taylor Farms facility in central Mexico as the likely ground zero for the waterborne parasite's recent spread. Taylor Farms voluntarily recalled products coming from that location.
Several chains with lettuce in menu items reported a drop in traffic due to consumer concerns about the outbreak, even if they didn't have contaminated supplies.
Cava CEO Brett Schulman told CNBC on Wednesday that there were "broader consumer concerns" around leafy greens and fresh produce that affected near-term sales around the end of its second quarter. But the Mediterranean fast-casual chain's executive said sales trends have begun to rebound.
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Dollar sales of prepackaged salads plunged 14% during the four weeks ended July 25 compared with the year-ago period, according to NielsenIQ.
On the surface, Horpedahl said sharp price declines in lettuce would be viewed as good news for shoppers grappling with years of higher-than-preferred inflation levels. But he said that consumers likely won't be taking advantage of the cost reductions to the fullest extent given continued worries around food safety amid the outbreak, which has sickened thousands.
"Consumers are not going to rush out and buy this now just because it's cheaper," Horpedahl said. "It's fallen because nobody wants it."
CALGARY, Alberta, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) announced today that the board of directors (the "Board") has approved a substantial issuer bid (the "SIB") pursuant to which the Company will offer to purchase for cancellation up to C$20,000,000 of its common shares (the "Shares"). It is anticipated that the SIB will commence on August 14, 2026, and will expire on September 21, 2026, unless extended, varied or withdrawn.
From August 18 through August 20, Chipotle Rewards members can put their brand knowledge to the test for a chance to win BUY-ONE-GET-ONE (BOGO) free entrée codes, free Cilantro Lime Sauce offers, free Queso Blanco offers and Chipotle Rewards points1 New Daily Streaks will reward fans with bonus points and exclusive Chipotle Rewards badges for playing on consecutive days1 Through the new Silver Ticket Sweepstakes, 53 players will receive a Silver Ticket for a chance to win free burritos for a year2 Chipotle is introducing a new, limited-edition physical Chipotle IQ card game, available through a Chipotle Rewards sweepstakes3 , /PRNewswire/ -- Chipotle Mexican Grill today announced the return of Chipotle IQ, the brand's fan-favorite interactive trivia experience that gives Chipotle Rewards members in the U.S. and Canada the chance to compete for more than $1 million in free Chipotle while testing their knowledge of Chipotle's real ingredients, culinary techniques, community engagement and more.
Chipotle IQ returns August 18–20 with more than $1 million in free Chipotle and new ways for Chipotle Rewards members to put their brand knowledge to the test. The 2026 experience introduces Daily Streaks, a Silver Ticket Sweepstakes offering 53 fans the chance to win free burritos for a year, and, for the first time, a limited-edition physical Chipotle IQ card game. Beginning August 18, Chipotle Rewards members in the U.S. and Canada can visit ChipotleIQ.com to play for a chance to win BUY-ONE-GET-ONE (BOGO) free entrée codes, free Cilantro Lime Sauce offers, free Queso Blanco offers or Chipotle Rewards points.1
New this year, Chipotle IQ introduces Daily Streaks, a Silver Ticket Sweepstakes2 that gives 53 fans the chance to win free burritos for a year, and a limited-edition physical Chipotle IQ card game available through a Chipotle Rewards sweepstakes.3
"Fans completed more than 1.8 million Chipotle IQ quizzes last year, nearly double the number completed in 2024," said Stephanie Perdue, Senior Vice President of Brand Marketing at Chipotle. "With new challenges, more opportunities to earn rewards and our first-ever collectible card game, we're creating an expanded Chipotle IQ experience that rewards real fandom while giving guests new ways to engage with Chipotle beyond the restaurant."
What to Expect
Fans can test their knowledge by visiting ChipotleIQ.com and signing in with the email linked to their Chipotle Rewards account to begin playing. Chipotle Rewards members can play Chipotle IQ from 6:00 a.m. PT to 5:59 p.m. PT on Tuesday, August 18, through Thursday, August 20. Each hour, the first 8,000 Chipotle IQ players who score a 5 out of 5 will win a food reward. Hourly prizes include 5,000 BOGO entrée offers, 1,500 free Cilantro Lime Sauce offers and 1,500 free Queso Blanco offers. Players who score 5 out of 5 may be randomly selected to receive one of 53 Silver Tickets featuring a bonus question. Players who answer the bonus question correctly will win free burritos for a year.2 Players who score 4 out of 5 will earn 25 Chipotle Rewards points, while supplies last. Plus, fans who earn a perfect score but do not win a food prize will receive 50 bonus points, while supplies last. Up to 5 million Chipotle Rewards points are available each day.1 Daily Streaks reward fans with bonus points and exclusive Chipotle Rewards badges for playing two and three consecutive days. Chipotle IQ features multiple-choice and true-or-false questions. Fans can play once per day, with a new opportunity to win each day. Chipotle IQ Comes to Life as a Limited-Edition Card Game
For the first time, Chipotle is bringing Chipotle IQ beyond the screen with a limited-edition physical card game inspired by the brand's interactive trivia experience. Designed for fans to play with friends and family while enjoying Chipotle, the collectible card set features more fun Chipotle trivia. Through "The Game Night Sweepstakes," Chipotle Rewards members can exchange 10 points in the Rewards Exchange for a chance to win the exclusive card game and a Build Your Own Family Meal from August 17 through August 31.3
Summer of Extras
From June 1 through August 31, Chipotle Rewards members who opt into Summer of Extras can earn free entrées, bonus points, badges and other exclusive rewards by completing monthly streak challenges. New this year, members can track their rankings against other fans at their favorite Chipotle, view state and national leaderboards, complete side quests for additional points, and later this summer, share their stats on social media. Guests can sign up for Chipotle Rewards and opt into the program at chipotle.com/summer-of-extras.
1 – NO PURCHASE NECESSARY. Open to legal residents of the 50 U.S. states & D.C. and CAN who are 13 years of age or older (minors must have parental consent). Contest & Promotion Period: 8/18/26 at 6:00 a.m. PT – 8/20/26 at 5:59 p.m. PT. To enter the Contest, visit https://www.chipotleiq.com and play the Chipotle IQ Trivia Game during a Competition; Limit one (1) BOGO Code prize, one (1) Queso Blanco Code, one (1) Cilantro Lime Sauce Code, one (1) Chipotle Rewards Points Bonus, one (1) Free Burritos for a Year, and one (1) Chipotle Streak Bonus per person and Chipotle Rewards account. See Official Rules at http://www.chipotleiq.com/rules for additional eligibility restrictions, prize descriptions/restrictions/ARVs, and complete details. Sponsor: CMG Strategy Co., LLC.
2 – NO PURCHASE NECESSARY. Open to legal residents of the 50 U.S. & D.C. and CAN 13+ who are Chipotle Rewards members. Promotion Period: 8/18/26 at 6:00 a.m. PT – 8/20/26 at 5:59 p.m. PT. For Official Rules including how to enter, entry limitations, odds, prize descriptions, & complete details visit http://www.chipotleiq.com/rules. Sponsor: CMG Strategy Co., LLC.
3 – NO PURCHASE NECESSARY. Open to legal residents of the 50 U.S. & D.C., 13+ who are Chipotle Rewards members. Promotion Period: 8/17/26 at 12:01 a.m. PT – 8/31/26 at 11:59 p.m. PT. Mail-in entries must be postmarked by 8/31/26. For Official Rules including how to enter, free entry method, entry limitations, odds, prize descriptions, & complete details visit http://www.chipotleiq.com/rules. Sponsor: CMG Strategy Co., LLC.
About Chipotle
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 4,200 restaurants as of June 30, 2026, in the United States, Canada, the United Kingdom, France, Germany, and the Middle East and it is the only restaurant company of its size that owns and operates all its restaurants in the United States, Canada and Europe. With nearly 140,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit chipotle.com.
Chipotle Mexican Grill (NYSE: CMG | CMG Price Prediction) has dropped 12.64% over the past week, opening Monday, Aug. 10, at $32.44. That puts the stock more than 26% below Wall Street’s consensus price target of $44.32. The selloff extends a brutal year for the fast-casual chain, with shares down 12.71% year to date, 21.37% over the past 12 months and 7.16% over the past month alone.
Chipotle operates over 4,000 restaurants serving customizable burritos, bowls and tacos. The company has been a growth story for years, but recent results show the wheels coming off. The gap between Chipotle’s current price and analyst targets reflects a market pricing in serious headwinds that Wall Street may be underestimating.
Transaction Declines and Margin Pressure Hit Hard The selloff accelerated after Chipotle reported Q2 results on July 29. Revenue came in at $3.35 billion, barely beating the $3.33 billion estimate, while EPS of 33 cents only beat the 32-cent consensus by a penny.
Restaurant-level margin fell 220 basis points to 25.2%, while cost of sales, labor, and other operating expenses all increased. The margin story gets worse when you dig into the cost structure. CFO Adam Rymer explained that “Pricing discipline (1-2% vs. 3-4% inflation) [is] creating 150 bps headwind” for the full year. Management warned of heightened consumer caution, difficult promotional comparisons and an approximately 200-basis-point sales headwind related to industry concerns around Cyclospora; it expects roughly 1% comparable-sales growth in Q3 if the impact persists.
Wall Street Still Sees the Growth Story Intact Despite the weak results and cautious guidance, analyst targets remain well above current levels. Of the 33 analysts covering Chipotle, 24 rate it a Buy and nine rate it a Hold and zero rate it a Sell. Overall, the stock receives a consensus Moderate Buy rating, with an average price target that implies as much as 35% upside potential from current prices.
The bull case centers on Chipotle’s long-term unit growth potential and operational initiatives. Management plans to open 350 to 370 new restaurants in 2026, with 80% featuring Chipotlane drive-thru formats. The company is also rolling out high-efficiency kitchen equipment to 2,000 restaurants by year-end 2026, which management claims is already driving “hundreds of basis points of improvement in comp sales” in test locations.
Analysts also point to Chipotle’s affluent customer base as a defensive moat. Boatwright noted that “60% of our core users are over $100,000 a year in income,” suggesting pricing power with less economically sensitive consumers. The company is increasing menu innovation to four limited-time offers in 2026 and relaunching its rewards program to drive frequency.
Key Factors to Watch The bull case strengthens if management proves it can stabilize transactions and protect margins despite the inflation squeeze. The equipment rollout and menu innovation could drive a meaningful reacceleration in the back half of 2026. The unit growth story remains intact, and the brand still commands premium positioning in fast-casual dining. If comparable sales inflect positive by mid-year and restaurant-level margins hold above 23%, the 22% upside to analyst targets could materialize.
The bear case persists if transaction trends continue deteriorating and margin pressure extends through the first half. The guidance for flat comps embeds expectations of negative 1% to negative 2% underlying trends in the first quarter. Labor and commodity inflation are structural headwinds that won’t disappear quickly. Peer McDonald’s trades at 27x earnings with a 2.16% dividend yield and 45.1% operating margins, offering defensive stability Chipotle can’t match right now.
Contact [email protected] for any questions or corrections.
, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chipotle Mexican Grill, Inc. ("Chipotle" or "the Company") (NYSE: CMG) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Chipotle is the subject of a Reuters report published on August 4, 2026, titled: "Chipotle pulls jalapenos from some restaurants amid salmonella probe." According to the article, the Company "said on Tuesday it had removed jalapenos from all its restaurants in Minnesota and other locations that received the product after identifying the peppers as a potential common ingredient in a salmonella outbreak under investigation by public health authorities."
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
On July 21, Health and Human Services Secretary Robert F. Kennedy Jr. told reporters, “We do have the outbreak under control.” At that moment the multistate cyclosporiasis outbreak tied to iceberg lettuce had sickened roughly 1,600 people across five states, with 94 hospitalizations and no deaths. Three weeks later, the case count has nearly quadrupled, two deaths have been recorded, and a national salad chain has filed for bankruptcy. The gap between the podium and the produce aisle has rarely been wider.
What Kennedy Said, and the Wrinkle Behind It Kennedy added that “We have an extensive forensics, epidemiological forensics, and we’ve identified the source of the outbreak. We and the companies that are involved have implemented a recall.” The recall referenced iceberg lettuce from Taylor Farms de Mexico, pulled July 17, 2026. But days before Kennedy spoke, the FDA had acknowledged a Taylor Farms sample came back a false positive, muddying the “identified” claim in real time. Subsequent CDC and FDA updates converged back on Taylor Farms. The confidence did not.
What the Numbers Actually Show The CDC’s August 5 update logged 6,358 illnesses across 15 states, at least 278 hospitalizations, and two deaths, both in Michigan, with onset dates running June 22 through July 31. Separately, the FDA has estimated “at least 10,000” sickened, and more than 25,000 Cyclospora infections have been logged nationally this year, more than five times the prior record set in 2019, a broader tally that includes clusters unrelated to this outbreak.
The Salad Chain That Didn’t Serve the Lettuce Here is the twist: none of the hardest-hit healthy chains used the recalled iceberg. They got wrecked anyway. Salad and Go filed for Chapter 11 on August 5, closing all locations and citing the outbreak as an accelerant to existing pressures. Chopt saw traffic fall 24% on July 18, the day after the FDA announcement (Placer.ai via CNBC). Sweetgreen (NYSE:SG) said consumer concerns produced roughly a 6-percentage-point drag on July same-store sales; CEO Jonathan Neman noted on X that the chain has never served iceberg lettuce and sources only U.S.-grown greens. On August 6, Sweetgreen cut full-year guidance to same-store sales of -8.0% to -7.0% and adjusted EBITDA of -$27.0 million to -$23.0 million. The stock is down 35.41% since July 10.
The Contrast: Taco Bell and Chipotle Yum Brands (NYSE:YUM | YUM Price Prediction), whose Taco Bell was the only major chain actually linked to the recall, took an early hit, with foot traffic down 20.8% on July 23 versus comparable Thursdays. CEO Chris Turner said on the Q2 call that “Elevated uncertainty initially weighed on consumer demand. Since then, consumers have become increasingly aware that this is an industry-wide issue, not an issue specific to Taco Bell.” Taco Bell still delivered 7% same-store sales growth. Chipotle Mexican Grill (NYSE:CMG) CFO Adam Rymer flagged “a softening, call it about 200 basis points or so” in late July from cyclospora fears, separate from Chipotle’s salmonella recall tied to jalapenos that sickened roughly 300 people.
The Category Absorbs the Blow NielsenIQ pegged fresh lettuce unit sales down 9% for the week ending July 18 and prepackaged salad dollar sales down 14% for the four weeks ended July 25. Sysco stopped buying Mexican iceberg entirely, even as CEO Kevin Hourican called Taylor Farms a “high quality, high integrity shop.” Local growers benefited: farmers-market sales rose 15% to 30% in some markets (WSJ, via Forbes).
Stabilizing signals are emerging. Michigan lifted its precautionary advisory on bagged salad mixes on August 6 as new infections slowed. But three weeks after a Cabinet secretary declared the outbreak “under control,” one chain is gone, another has slashed guidance, and the produce aisle is still recovering trust it did not lose on its own.
Contact [email protected] for any questions or corrections.
Chipotle Mexican Grill: a Trend of Consistent Quarterly Revenue ExpansionChipotle Mexican Grill (CMG -2.73%) primarily generates its revenue by operating an expanding global chain of fast-casual dining restaurants for consumers.
It expanded its international presence by opening a new restaurant location in Mexico alongside joint venture partner Alsea, and it reported a 12% net income margin for the quarter ended June 30, 2026.
Walt Disney: Managing Global Operations With Variable Quarterly Revenue ResultsWalt Disney (DIS +0.22%) primarily earns its revenue by producing global entertainment media, operating direct-to-consumer streaming services, and managing theme parks and cruises.
It recently reached a tentative labor agreement with a large coalition of theme park resort workers in California, and it recorded a 10% net income margin for the quarter ended June 27, 2026.
Understanding Why Revenue Matters for InvestorsTracking revenue helps investors evaluate whether a company is successfully attracting customers, maintaining pricing power, and expanding its total sales volume and overall market presence across varying economic conditions over a long-term investment horizon.
Quarterly Revenue for Chipotle Mexican Grill and Walt DisneyQuarter (Period End)Chipotle Mexican Grill RevenueWalt Disney RevenueQ3 2024$2.8 billion (period ended Sept. 2024)$22.6 billion (period ended Sept. 2024)Q4 2024$2.8 billion (period ended Dec. 2024)$24.7 billion (period ended Dec. 2024)Q1 2025$2.9 billion (period ended March 2025)$23.6 billion (period ended March 2025)Q2 2025$3.1 billion (period ended June 2025)$23.6 billion (period ended June 2025)Q3 2025$3.0 billion (period ended Sept. 2025)$22.5 billion (period ended Sept. 2025)Q4 2025$3.0 billion (period ended Dec. 2025)$26.0 billion (period ended Dec. 2025)Q1 2026$3.1 billion (period ended March 2026)$25.2 billion (period ended March 2026)Q2 2026$3.3 billion (period ended June 2026)$25.2 billion (period ended June 2026)Data source: Company filings. Data as of Aug. 7, 2026.
Foolish TakeChipotle Mexican Grill and Walt Disney are two major consumer stocks to consider investing in. Both are seeing sales growth.
In the second quarter, Chipotle posted a 9% year-over-year increase in sales to $3.3 billion. This was the third consecutive quarter of sequential growth, although its share price gave up gains in recent days after health officials linked a multi-state Salmonella outbreak to jalapeño peppers served at the restaurant chain.
While Chipotle stock is impacted by this short-term headwind, its consistent sales growth suggests share price appreciation could take place over the long run. One key indicator of this is that the company’s comparable restaurant sales increased 2% year over year, and Chipotle raised its full-year comparable sales guidance.
Disney’s revenue of $25.2 billion in its fiscal third quarter ended June 27 represented solid 7% year-over-year growth. One of its key strengths is the halo effect of its many franchises. For instance, Toy Story 5 was a hit in theaters, making over $4 billion, but it also produced $1 billion in retail sales for the company.
Disney’s revenue trend is more uneven compared to Chipotle’s, particularly given the seasonality of its theme park and cruise businesses, but the company’s 2026 sales are consistently higher than at the same point in 2025, suggesting this will be a strong year for the entertainment giant.
Robert Izquierdo has positions in Chipotle Mexican Grill and Walt Disney. The Motley Fool has positions in and recommends Chipotle Mexican Grill and Walt Disney. The Motley Fool recommends the following options: short September 2026 $35 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) are trading lower by over 13% this week following news connecting the restaurant chain to a salmonella outbreak in Minnesota.
Chipotle Mexican Grill stock is facing resistance. Why are CMG shares declining? Minnesota Salmonella Outbreak Linked to Chipotle JalapeñosHealth department officials reported 110 cases of salmonella across the state. Among 84 infected individuals interviewed by health investigators, 75 reported eating at a Chipotle restaurant before becoming sick.
In response, Chipotle proactively removed jalapeños, the produce suspected to be linked to the illnesses, from affected locations.
Additionally, on Wednesday, Chipotle filed an SEC Form 8-K noting that public health authorities, including the FDA, are investigating a retail supply chain salmonella outbreak. Minnesota health officials confirmed they have no ongoing concerns regarding Chipotle.
Wall Street Reacts to Chipotle Food Safety HistoryThis week’s selloff market reaction stems from Wall Street’s sensitivity to Chipotle’s history with food safety issues. Previous outbreaks severe enough to cause store avoidance led to margin compression and lower valuation multiples for the company.
Beyond the immediate damage to reputation, this outbreak potentially creates operational issues and cost pressures. Pulled ingredients and switching to alternative growers disrupt local supply chains while increasing operating overhead in the short term.
Investors are potentially pricing in potential risks like legal expenses, regulatory scrutiny and a temporary slowdown in regional sales.
CMG Shares Edge Lower FridayCMG Price Action: Chipotle Mexican Grill shares were down 1.36% at $33.25 at the time of publication on Friday, according to Benzinga Pro data.
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ToplineThe CDC is warning restaurants against selling jalapeños from a certain grower in Mexico after the pepper was linked to a salmonella outbreak that has hospitalized 36 people and sickened hundreds.
Jalapeños in Boston.
Boston Globe via Getty Images
Key FactsThe Centers for Disease Control and Prevention says officials have traced the illnesses back to jalapeño peppers grown in Sinaloa, Mexico and distributed by Coast Citrus Distributors to wholesale clients.
The peppers, which have made people sick in 27 states, were served at thousands of Chipotle Mexican Grill and QDOBA locations and at other restaurants.
Both Chipotle and QDOBA have stopped serving the affected jalapeños at their combined 4,850 locations in the United States, and the CDC says there's no ongoing risk to the restaurants’ customers.
Both restaurants normally include jalapeños in their guacamole, pico de gallo and chili-corn salsas.
WHAT TO WATCH FORThe Food and Drug Administration is still working to determine if the affected were sold directly to consumers at grocery stores.
WHAT IS SALMONELLA? Salmonella is the name of both an illness and the bacteria that causes it. Salmonella live in the intestines of people and animals and people can get infected in a number of ways, but usually through eating contaminated food. Salmonella infections are common and sicken about 1.35 million people in the United States every year, according to the CDC. Infection is more common in the summer because warmer weather and unrefrigerated foods create ideal conditions for the bacteria to grow, and antimicrobial-resistant salmonella infections are on the rise. Most people with salmonella infection experience diarrhea, stomach cramps, headache, nausea and vomiting.
BIG NUMBER1 in 25. That’s how many packages of chicken at the grocery store are contaminated with salmonella, per the CDC.
WHEN WAS THE LAST BIG SALMONELLA OUTBREAK?More than 1,000 people were sickened across 37 states in 2021 when whole fresh onions imported from Chihuahua, Mexico caused an American salmonella outbreak. No deaths were reported, but 260 people were hospitalized. Public health officials are currently investigating several multistate outbreaks of salmonella linked to contact with backyard poultry, which so far have sickened more than 800 people and killed someone in Washington state.
DOES THIS HAVE ANYTHING TO DO WITH TAYLOR FARMS? No. Taylor Farms has been linked to an outbreak of cyclosporiasis that has sickened more than 20,000 people and killed two. The CDC has said the illness, caused by the Cyclospora cayetanensis parasite, likely came from contaminated shredded iceberg lettuce grown in central Mexico, but there is no indication the two outbreaks are connected.
After Chipotle Mexican Grill stopped serving jalapenos at some restaurants following a salmonella investigation, Wall Street analysts say the impact to sales will likely be limited.
Chipotle Mexican Grill shares extended their decline after the CDC linked a multistate Salmonella outbreak to jalapeño peppers served at the chain and other Mexican-style restaurants. (Joe Raedle/Getty Images)
Chipotle Mexican Grill stock fell about 3% Thursday, extending its sharp decline earlier in the week, after federal health officials linked a multistate Salmonella outbreak to jalapeño peppers served at the burrito chain and other Mexican-style restaurants.
ToplineThe CDC is warning restaurants against selling jalapeños from a certain grower in Mexico after the pepper was linked to a salmonella outbreak that has hospitalized 36 people and sickened hundreds.
Jalapeños in Boston.
Boston Globe via Getty Images
Key FactsThe Centers for Disease Control and Prevention says officials have traced the illnesses back to jalapeño peppers grown in Sinaloa, Mexico and distributed by Coast Citrus Distributors to wholesale clients.
The peppers, which have made people sick in 27 states, were served at thousands of Chipotle Mexican Grill and QDOBA locations and at other restaurants.
Both Chipotle and QDOBA have stopped serving the affected jalapeños at their combined 4,850 locations in the United States, and the CDC says there's no ongoing risk to the restaurants’ customers.
Both restaurants normally include jalapeños in their guacamole, pico de gallo and chili-corn salsas.
WHAT TO WATCH FORThe Food and Drug Administration is still working to determine if the affected were sold directly to consumers at grocery stores.
WHAT IS SALMONELLA? Salmonella is the name of both an illness and the bacteria that causes it. Salmonella live in the intestines of people and animals and people can get infected in a number of ways, but usually through eating contaminated food. Salmonella infections are common and sicken about 1.35 million people in the United States every year, according to the CDC. Infection is more common in the summer because warmer weather and unrefrigerated foods create ideal conditions for the bacteria to grow, and antimicrobial-resistant salmonella infections are on the rise. Most people with salmonella infection experience diarrhea, stomach cramps, headache, nausea and vomiting.
BIG NUMBER1 in 25. That’s how many packages of chicken at the grocery store are contaminated with salmonella, per the CDC.
WHEN WAS THE LAST BIG SALMONELLA OUTBREAK?More than 1,000 people were sickened across 37 states in 2021 when whole fresh onions imported from Chihuahua, Mexico caused an American salmonella outbreak. No deaths were reported, but 260 people were hospitalized. Public health officials are currently investigating several multistate outbreaks of salmonella linked to contact with backyard poultry, which so far have sickened more than 800 people and killed someone in Washington state.
DOES THIS HAVE ANYTHING TO DO WITH TAYLOR FARMS? No. Taylor Farms has been linked to an outbreak of cyclosporiasis that has sickened more than 20,000 people and killed two. The CDC has said the illness, caused by the Cyclospora cayetanensis parasite, likely came from contaminated shredded iceberg lettuce grown in central Mexico, but there is no indication the two outbreaks are connected.
Chipotle delivered a Q2 beat with comp sales rebounding to 2.2% growth, driven by new menu items and a revamped rewards program. Despite revenue and comp growth, CMG's net income and EPS declined due to rising food and labor costs, compressing restaurant-level margins. I maintain a "Sell" rating, citing unsustainable valuation at over 20x P/E and ongoing EPS compression despite recent operational improvements.
LOS ANGELES, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chipotle Mexican Grill, Inc. (“Chipotle” or “the Company”) (NYSE: CMG) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Chipotle is the subject of a Reuters report published on August 4, 2026, titled: “Chipotle pulls jalapenos from some restaurants amid salmonella probe.” According to the article, the Company “said on Tuesday it had removed jalapenos from all its restaurants in Minnesota and other locations that received the product after identifying the peppers as a potential common ingredient in a salmonella outbreak under investigation by public health authorities.”
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335 [email protected]
After two years of whipsaw share price action, Chipotle Mexican Grill (NYSE:CMG | CMG Price Prediction) shows evidence that its transaction slump is reversing.
An exterior view of Chipotle in SoHo in New York City, U.S., October 4, 2024. REUTERS/Kent J. Edwards//File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 5 (Reuters) - Chipotle Mexican Grill (CMG.N), opens new tab said on Wednesday its annual targets shared last week did not include the financial impact from the salmonella outbreak in Minnesota, which resulted in the burrito chain pulling jalepenos at some of its restaurants.
Here are some details:
Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.
The Minnesota Department of Health said on Tuesday it had identified 110 salmonella outbreak-related cases in the state, with 75 of 84 people interviewed reporting eating at Chipotle between June 14 and July 14.
Also on Tuesday, Chipotle said it had begun tracing ingredients through its supply chain after learning of the potential salmonella outbreak.
"Due to the uncertain nature of any possible outcomes or impacts from the salmonella investigations, our guidance did not include a financial impact from these matters," the company said in a regulatory filing on Wednesday.
Chipotle executives on July 29 had already warned the current quarter was likely to be its toughest of the year, when it had raised its annual sales forecast, as consumers turned wary of dining out due to a separate, multistate cyclosporiasis outbreak.
The company on Tuesday said it had identified jalapenos from a common lot as a possible source of the salmonella outbreak in Minnesota, though health authorities are yet to determine the definitive cause.
It had removed the jalapenos from its restaurants and replaced them with product from different growers, Chipotle said.
Last week, Chipotle topped quarterly results estimates and said it now expects fiscal 2026 comparable restaurant sales growth to be in the low single-digit range, compared with its prior forecast of about flat.
Chipotle's shares closed down nearly 10% on Tuesday, but were up about 3% in early trading on Wednesday.
Reporting by Juveria Tabassum in Bengaluru; Editing by Vijay Kishore
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Happy Wednesday. My home state of Michigan had a big election yesterday. While we wait for the race to be called, read why the word "communist" has been a popular one this primary cycle.
Stock futures are rising this morning. The three major indexes are coming off a record session.
Here are five key things investors need to know to start the trading day:
1. Launch status checkSpaceX reported soaring revenue in its debut quarterly earnings report, which beat analysts' second-quarter estimates on both lines. But Elon Musk's reusable rocket company also reported sky-high capital expenditures, unnerving investors who sent the stock down 11% in extended trading.
Here's what to know:
The company posted a loss of 9 cents for the quarter, much smaller than the 26 cents Wall Street was forecasting.While revenue came in stronger than expected for SpaceX's three segments, its connectivity business was the company's only source of profit.SpaceX's capital expenditures surged more than sixfold to $18.4 billion, with over 80% devoted to AI. Executives said the investments would pay for themselves within a year.The stock closed Tuesday's session just above $125, below its $135 IPO price and far from its $200 all-time high. SpaceX's post-IPO slump has been a boon for short-sellers, who are gearing up for the first insider lock-up expiration tomorrow.In other tech earnings: AMD shares are also down almost 9% despite better-than-expected quarterly results for the chipmaker.2. 7,7003. Magic numbersDisney shares are up more than 3% before the bell after the company's quarterly earnings beat estimates, though revenue came up slightly short.
Revenue for the company's parks and cruises unit rose 10% in the third quarter. Its streaming revenue also increased 11% thanks to subscriber growth, price hikes and stronger advertising. Disney this morning also announced a new deal with TikTok, as it and other streamers work to bring younger generations to their platforms.
Elsewhere in media, Paramount Skydance raised its full-year adjusted EBITDA outlook yesterday. CEO David Ellison said in a letter to shareholders that he is "confident" that the company's merger with Warner Bros. Discovery would go through despite legal hiccups.
4. A court of Thornes and rosesProcter & Gamble is supplementing its portfolio. CEO Shailesh Jejurikar told CNBC yesterday that the consumer goods company will buy supplement brand Thorne for $3.8 billion.
Thorne, which went public in 2021 before being taken private in 2023, said its revenue exceeded half a billion dollars last year. As CNBC's Amelia Lucas notes, Thorne would join brands including Align Probiotic and New Chapter in P&G's supplement arm.
"We are really happy with the asset itself," Jejurikar told CNBC's "Squawk on the Street" yesterday. "It's a really well-run operation, and it's been around for a long time."
5. Hold the jalapenosChipotle said yesterday that it is temporary pulling jalapenos from its Minnesota locations due to their possible link to a salmonella outbreak.
The fast casual chain said it has replaced the ingredient with products from different growers after learning of a potential salmonella outbreak in its supply chain. If this feels like déjà vu, it's for a reason: Chipotle was connected to at least five separate outbreaks of foodborne illness between 2015 and 2018.
Shares of the burrito chain fell nearly 10% in yesterday's session following the announcement, marking its worst day since October.
The Daily DividendPalantir had one of its best days ever yesterday with a 29% post-earnings surge. But the stock is only up around 1% over the last 12 months, underscoring how much ground it had to make up.
— CNBC's Lora Kolodny, Yun Li, Arjun Kharpal, Kif Leswing, Sean Conlon, Sarah Min, Lillian Rizzo, Amelia Lucas, Sawdah Bhaimiya and Gabriel Cortes contributed to this report.
Luke Fountain assisted in the production of this newsletter. Josephine Rozzelle edited this edition.
, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Chipotle Mexican Grill, Inc. ("Chipotle" or "the Company") (NYSE: CMG) for violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Chipotle is the subject of a Reuters report published on August 4, 2026, titled: "Chipotle pulls jalapenos from some restaurants amid salmonella probe." According to the article, the Company "said on Tuesday it had removed jalapenos from all its restaurants in Minnesota and other locations that received the product after identifying the peppers as a potential common ingredient in a salmonella outbreak under investigation by public health authorities."
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected]
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
