Chipotle sees 2026 comparable restaurant sales growth in the low single digit range
Company expects 350 to 370 new restaurant openings in 2026
Chipotle estimates 2026 effective tax rate between 24% and 26%
Overview
US fast-casual restaurant's Q2 revenue rose 9.3%, slightly beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Comparable restaurant sales grew 2.2%, driven by higher average check and transactions
Result drivers
New restaurant openings - Co said revenue growth was primarily driven by new restaurant openings
Menu pricing and transactions - Comparable restaurant sales rose 2.2%, with a 1.2% increase in average check and a 1.0% increase in transactions
Higher costs - Operating margin declined due to inflation in beef and freight, higher protein and produce usage, and increased labor costs
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
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