Form 10-Q · Quarterly report
Chipotle Mexican Grill 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0001058090
- Accession no.
- 0001058090-26-000066
Summary
Chipotle Mexican Grill reported second-quarter 2026 total revenue of $3.35 billion, up 9.3% from a year earlier, as comparable restaurant sales rose 2.2% following a 4.0% decline in the prior-year quarter, while average restaurant sales slipped 1.3% to $3.102 million. Food, beverage and packaging costs grew to 29.7% of revenue, driven mainly by beef and freight inflation.
Key points
- Total revenue for the quarter ended June 30, 2026 was $3.35 billion, up 9.3%; six-month revenue was $6.44 billion, up 8.4%.
- Comparable restaurant sales rose 2.2% in the quarter on 1.0% higher transactions and a 1.2% higher average check, including a 1.6% menu price increase.
- Labor costs were 25.0% of revenue versus 24.7% a year earlier, driven by wage inflation and performance-based bonuses.
- Impairment, closure and asset disposal costs rose to $13.8 million from $5.5 million, and cash and marketable investments totaled $667.1 million as of June 30, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Results of Operations Our results of operations as a percentage of total revenue and period-over-period changes are discussed in the following section. Revenue Three months ended June 30, Percentage Six months ended June 30, Percentage 2026 2025 change 2026 2025 change (dollars in millions) (dollars in millions) Food and beverage revenue $ 3,332.8 $ 3,047.8 9.4 % $ 6,405.5 $ 5,907.6 8.4 % Delivery service revenue 15.8 15.6 0.8 % 31.3 31.1 0.7 % Total revenue $ 3,348.6 $ 3,063.4 9.3 % $ 6,436.8 $ 5,938.6 8.4 % Average restaurant sales (1) $ 3.102 $ 3.142 (1.3 %) $ 3.102 $ 3.142 (1.3 %) Comparable restaurant sales increase/(decrease) 2.2% (4.0%) 1.4 % (2.3 %)…
An excerpt of the text as filed with the SEC, cut for length.
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