Chipotle Mexican Grill (NYSE: CMG) reported Q3 EPS of $0.29, in-line with the analyst estimate of $0.29. Revenue for the quarter came in at $3 billion versus the consensus estimate of $3.03 billion.

Outlook

For 2025, management is anticipating the following:

Full year comparable restaurant sales declines in the low-single digit range
315 to 345 new company-owned restaurant openings with over 80% having a Chipotlane
An estimated underlying effective full year tax rate between 25% and 27% before discrete items

For 2026, management is anticipating the following:

350 to 370 new restaurant openings, including 10 to 15 international partner-operated restaurants. Over 80% of company-owned restaurants will have a Chipotlane

For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.