Chipotle Mexican Grill Inc

CMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chipotle Earnings: Investments Cook Up Modest Comparable Sales Gain; Shares Fairly Valued

Ari Felhandler

Apr 30, 2026

Chipotle's first-quarter revenue climbed 7.4%, led by 8.8% company-owned unit growth. Comparable sales improved 0.5% as traffic increased 0.6%, but average check size edged down 0.1%. Adjusted restaurant margin fell 250 basis points to 23.7%, pressured by below-inflation pricing and marketing.

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Chipotle Mexican Grill Inc

Chipotle Earnings: Investments Cook Up Modest Comparable Sales Gain; Shares Fairly Valued

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