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- Chipotle topped Wall Street’s quarterly earnings and revenue estimates.
- It also raised its full-year same-store sales outlook.
- After a brief slump, Chipotle has started to lure customers back.
A customer prepares to eat at the first Chipotle fast-food restaurant in northeastern Mexico on its opening day in San Pedro Garza Garcia, Mexico, July 16, 2026.Daniel Becerril | Reuters
Chipotle Mexican Grill on Wednesday raised its same-store sales growth forecast for the year after topping analysts’ quarterly earnings and revenue expectations.
The restaurant company is now projecting that its same-store sales will increase by a low single digit percentage in 2026, higher than its previous outlook of flat same-store sales for the full year.
After a shaky 2025, Chipotle is successfully luring customers back — even with spiking gas prices and other higher costs pressuring dining budgets.
“We’re seeing encouraging progress because we’re focused on the right growth drivers—bringing meaningful menu innovation to our guests, deepening engagement through Chipotle Rewards, elevating hospitality in every restaurant, and expanding opportunities to serve more group occasions,” CEO Scott Boatwright said in a statement.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: 33 cents adjusted vs. 32 cents expected
- Revenue: $3.35 billion vs. $3.33 billion expected
The company’s stock climbed about 6% in extended trading.
Chipotle reported second-quarter net income of $403.5 million, or 32 cents per share, down from $436.1 million, or 32 cents per share, a year earlier. Excluding impairment and restructuring costs and other items, the company earned 33 cents per share.
Revenue climbed 9.3% to $3.35 billion.
Same-store sales rose 2.2%, lifted by a 1% increase in traffic to restaurants. Total check size inched up 1.2% compared with the year-ago period.
During the quarter, Chipotle opened 100 new locations and one international restaurant operated by a partner.
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