Every 10-Q that Chipotle Mexican Grill, Inc. (CMG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CMG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CMG filings page.
Chipotle Mexican Grill, Inc. reported first-quarter 2026 revenue of $3.1 billion, up 7.4% from a year earlier, driven mainly by modest transaction growth and new restaurants. Comparable restaurant sales increased 0.5% as slightly higher traffic was offset by a small decline in average check.
Net income was $302.8 million, down from $386.6 million, and diluted earnings per share declined to $0.23 from $0.28 as higher labor, occupancy, marketing and conference-related costs weighed on margins. Food, beverage and packaging costs also rose slightly as a percentage of sales due to inflation in beef, freight and produce usage.
Chipotle generated strong operating cash flow of $651.4 million and continued to return capital, repurchasing about 19.4 million shares for $700.8 million, with $1.0 billion still authorized for future buybacks. The company ended the quarter with 4,090 company-owned restaurants and expects to open approximately 350 to 370 locations in 2026, most with Chipotlanes.
Chipotle Mexican Grill (CMG) reported Q3 2025 results with total revenue of $3.003 billion, up 7.5% year over year. Diluted EPS was $0.29, a 3.6% increase. Comparable restaurant sales grew 0.3%, driven by a 1.1% higher average check and partially offset by a 0.8% decline in transactions. Digital sales represented 36.7% of food and beverage revenue. Income from operations was $477.2 million, slightly above last year.
Cost dynamics were mixed: food, beverage and packaging fell to 30.0% of revenue (down 60 bps), labor rose to 25.2% (up 30 bps), and other operating costs increased to 15.0% (up 120 bps) on higher marketing. Management expects about a 40 bps tariff impact to food costs in Q4 2025 and about 50 bps on an ongoing basis. The company opened 84 new restaurants in the quarter (64 with Chipotlanes) and remains on track for approximately 315–345 openings in 2025. Chipotle repurchased $686.5 million of stock at an average price of $42.39 in Q3; $652.3 million remained authorized at quarter end. Cash and marketable investments totaled $1.7 billion, with an undrawn $500 million credit facility.