Seasonality
CMG seasonality — Chipotle Mexican Grill
Over the last 11 years, CMG's strongest month on average has been April (+10.2%) and its weakest September (-4.8%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +6.78% | +6.03% | 80% | +22.6% | -15.0% | 10 |
| Feb | -0.82% | -2.26% | 30% | +14.7% | -10.8% | 10 |
| Mar | +1.35% | +2.66% | 60% | +16.9% | -15.4% | 10 |
| Apr | +10.22% | +6.34% | 80% | +34.2% | -8.0% | 10 |
| May | -0.69% | -0.91% | 40% | +14.3% | -8.1% | 10 |
| Jun | +3.15% | +3.92% | 80% | +13.0% | -12.8% | 10 |
| Jul | +0.56% | +4.54% | 60% | +20.2% | -23.6% | 10 |
| Aug | +2.66% | +2.16% | 70% | +13.4% | -7.9% | 10 |
| Sep | -4.75% | -4.71% | 20% | +2.8% | -16.0% | 10 |
| Oct | -4.01% | -2.66% | 20% | +6.0% | -19.1% | 10 |
| Nov | +6.69% | +8.58% | 89% | +13.4% | -7.6% | 9 |
| Dec | -0.75% | +0.43% | 50% | +7.5% | -14.7% | 10 |
Monthly returns heat map — CMG
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.0 | -4.2 | -14.0 | 6.2 | -6.3 | 6.7 | 9.5 | 2.2 | -16.0 | -0.2 | 8.0 | -7.0% | |
| 2025 | -3.2 | -7.5 | -7.0 | 0.6 | -0.9 | 12.1 | -23.6 | -1.7 | -7.0 | -19.1 | 8.9 | 7.2 | -38.6% |
| 2024 | 5.3 | 11.6 | 8.1 | 8.7 | -0.9 | 0.1 | -13.3 | 3.2 | 2.8 | -3.2 | 10.3 | -2.0 | +31.8% |
| 2023 | 18.7 | -9.4 | 14.6 | 21.0 | 0.4 | 3.0 | -8.3 | -1.8 | -4.9 | 6.0 | 13.4 | 3.9 | +64.8% |
| 2022 | -15.0 | 2.5 | 3.9 | -8.0 | -3.6 | -6.8 | 19.7 | 2.1 | -5.9 | -0.3 | 8.6 | -14.7 | -20.6% |
| 2021 | 6.7 | -2.6 | -1.5 | 5.0 | -8.1 | 13.0 | 20.2 | 2.1 | -4.5 | -2.1 | -7.6 | 6.4 | +26.1% |
| 2020 | 3.5 | -10.8 | -15.4 | 34.2 | 14.3 | 4.8 | 9.8 | 13.4 | -5.1 | -3.4 | 7.3 | 7.5 | +65.7% |
| 2019 | 22.6 | 14.7 | 16.9 | -3.1 | -4.1 | 11.1 | 8.6 | 5.4 | 0.2 | -7.4 | 4.6 | 2.9 | +93.9% |
| 2018 | 12.4 | -2.0 | 1.5 | 31.0 | 1.6 | 0.3 | 0.5 | 9.6 | -4.3 | 1.3 | 2.8 | -8.8 | +49.4% |
| 2017 | 11.7 | -0.6 | 6.4 | 6.5 | 0.6 | -12.8 | -17.4 | -7.9 | -2.8 | -11.7 | 11.9 | -5.0 | -23.4% |
| 2016 | -4.8 |