AI English summary of an SEC filing — figures as filed
Chipotle Mexican Grill said comparable restaurant sales decreased 0.4% for the 3 months ended March 31, 2025. It said the decrease was attributable to lower transactions of 2.3%, which was offset by a 1.9% increase in average check.
Key points
AI summaryChipotle Mexican Grill said comparable restaurant sales decreased 0.4% for the 3 months ended March 31, 2025. It said the decrease was attributable to lower transactions of 2.3%, which was offset by a 1.9% increase in average check.
The company said food, beverage and packaging costs as a percentage of total revenue increased 0.4%, labor costs increased 0.6%, occupancy costs increased 0.2% and other operating costs increased 0.1% for the 3 months ended March 31, 2025, compared to the 3 months ended March 31, 2024.
Chipotle estimated that tariffs enacted in April 2025 will increase food, beverage and packaging costs by about 50 basis points on an ongoing basis. Due to goods imported prior to the enactment of tariffs, the company anticipated a 20 basis points increase in food, beverage and packaging costs during Q2 2025 relating to tariffs.
The company said cash provided by operating activities was $557.1 million for the 3 months ended March 31, 2025, compared to $569.2 million for the prior-year period, and cash used in financing activities was $585.2 million, compared to $100.1 million for the prior-year period. It cited increased repurchases of common stock of $526.8 million as the primary factor in the change in financing activities.
Key figures
Quarter ended March 31, 2025
- Revenue
- $2.9B
- Operating income
- $479M
- Net income
- $387M
- EPS
- $0.28
- Operating cash flow
- $557M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2025 comparable restaurant sales down 0.4%
Chipotle Mexican Grill said comparable restaurant sales decreased 0.4% for the 3 months ended March 31, 2025. It said the decrease was attributable to lower transactions of 2.3%, which was offset by a 1.9% increase in average check.
Source · Based on the MD&A text of the filing
Q1 cost items as percentage of revenue shift
The company said food, beverage and packaging costs as a percentage of total revenue increased 0.4%, labor costs increased 0.6%, occupancy costs increased 0.2% and other operating costs increased 0.1% for the 3 months ended March 31, 2025, compared to the 3 months ended March 31, 2024.
Source · Based on the MD&A text of the filing
April 2025 tariff impact on costs estimated
Chipotle estimated that tariffs enacted in April 2025 will increase food, beverage and packaging costs by about 50 basis points on an ongoing basis. Due to goods imported prior to the enactment of tariffs, the company anticipated a 20 basis points increase in food, beverage and packaging costs during Q2 2025 relating to tariffs.
Source · Based on the MD&A text of the filing
Q1 operating and financing cash flows
The company said cash provided by operating activities was $557.1 million for the 3 months ended March 31, 2025, compared to $569.2 million for the prior-year period, and cash used in financing activities was $585.2 million, compared to $100.1 million for the prior-year period. It cited increased repurchases of common stock of $526.8 million as the primary factor in the change in financing activities.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…