Form 10-Q · Quarterly report
Chipotle Mexican Grill 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0001058090
- Accession no.
- 0001058090-26-000104
Summary
Chipotle Mexican Grill reported third-quarter 2026 total revenue of $3.29 billion, up 9.6% from a year earlier, with comparable restaurant sales up 2.1% on a 0.8% increase in transactions and a 1.3% higher average check. Labor costs rose 12.0% to $847.5 million and general and administrative expenses rose 26.2% to $185.2 million, while food, beverage and packaging costs fell to 29.5% of revenue from 30.0%.
Key points
- Nine-month revenue was $9.73 billion, up 8.8%, with comparable restaurant sales up 1.6%.
- Food, beverage and packaging costs fell 0.5 percentage points as a share of revenue in the quarter, helped by menu price increases, tariff relief and limited-time-offer mix, partly offset by beef and freight inflation.
- The effective income tax rate rose to 25.6% from 23.1%, driven by higher nondeductible expenses and fewer tax credits.
- Average restaurant sales were $3.106 million, down 0.8% year over year.
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. 15 Table of Contents Revenue Three months ended September 30, Percentage Nine months ended September 30, Percentage 2026 2025 change 2026 2025 change (dollars in millions) (dollars in millions) Food and beverage revenue $ 3,277.9 $ 2,989.3 9.7 % $ 9,683.5 $ 8,896.8 8.8 % Delivery service revenue 15.2 14.2 7.3 % 46.5 45.3 2.8 % Total revenue $ 3,293.2 $ 3,003.4 9.6 % $ 9,730.0 $ 8,942.1 8.8 % Average restaurant sales(1) $ 3.106 $ 3.132 (0.8 %) $ 3.106 $ 3.132 (0.8 %) Comparable restaurant sales…
An excerpt of the text as filed with the SEC, cut for length.
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