Overview

• Chipotle reported Q2 revenue of $3.06 billion, missing the $3.11 billion analysts had forecast.
• Comparable-store sales declined 4%, steeper than the 2.9% decrease analysts had expected.
• It cut its full-year 2025 same-store sales outlook to flat growth from its previous low-single-digit target.
• The chain opened 61 new restaurants, 47 featuring its Chipotlane drive-through service, and repurchased $435.9 million of stock in the quarter.
• Shares plunged about 10% in after-hours trading as investors digested the earnings shortfall and weaker outlook.