Chipotle Mexican Grill said comparable restaurant sales decreased 4.0% for the 3 months ended June 30, 2025. The company attributed the decrease to lower transactions of 4.9%, offset by a 0.9% increase in average check. For 2025, management is anticipating about flat comparable restaurant sales.

1. 01

   Chipotle Mexican Grill said comparable restaurant sales decreased 4.0% for the 3 months ended June 30, 2025. The company attributed the decrease to lower transactions of 4.9%, offset by a 0.9% increase in average check. For 2025, management is anticipating about flat comparable restaurant sales.

2. 02

   For the 3 months ended June 30, 2025, Chipotle Mexican Grill said food, beverage and packaging costs as a percentage of total revenue decreased 0.5% compared to the same period in 2024, while labor costs increased 0.6%, occupancy costs increased 0.3% and other operating costs increased 1.1%.

3. 03

   Chipotle estimated that tariffs enacted since April 2025 will increase food, beverage and packaging costs by about 50 basis points on an ongoing basis. The company anticipated about a 40 basis points increase in food, beverage and packaging costs during Q3 2025 relating to goods imported prior to the enactment of tariffs, and said these estimates could vary based on future tariff policy changes.

4. 04

   Chipotle Mexican Grill said cash provided by operating activities was $1.12 billion for the 6 months ended June 30, 2025, and cash used in financing activities was $1.0 billion, with repurchases of common stock increasing by $824.7 million. As of June 30, $838.8 million remained available for repurchases of shares of the company's common stock.

Key figures

Quarter ended June 30, 2025

Revenue

$3.1B

Operating income

$559M

Net income

$436M

EPS

$0.32

Analysis 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.

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

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