Overview
- The company now forecasts a low-single-digit decline in full-year same-store sales for 2025 after a third consecutive guidance cut.
- Third-quarter revenue reached $3.0 billion versus $3.03 billion expected, with net income of $382.1 million and adjusted earnings of 29 cents per share.
- Companywide traffic fell 0.8% for a third straight quarterly decline, while a higher average check lifted comparable sales by 0.3%.
- The outlook reduction sent the stock down double digits after hours and nearly 18% in premarket trading, as several brokerages trimmed price targets.
- Chipotle plans 350 to 370 new openings in 2026, including 10 to 15 partner-run international locations, while cost pressures from tariffs and inflation prompt a slow pricing approach next year.