Chipotle Q1 revenue rises 7.4% to $3.1 billion, but diluted EPS falls 17.9% to $0.23
Chipotle reported first-quarter 2026 results for the period ended March 31, 2026. Total revenue rose 7.4% to $3.1 billion and comparable restaurant sales rose 0.5%, but net income fell to $302.8 million from $386.6 million, and diluted earnings per share fell to $0.23 from $0.28. The company kept its 2026 outlook of about flat full-year comparable restaurant sales and 350 to 370 new restaurant openings.
Key points
- Total revenue increased 7.4% to $3.1 billion; comparable restaurant sales rose 0.5%, driven by a 0.6% increase in transactions.
- Operating margin was 12.9%, down from 16.7%; labor costs rose to 26.1% of revenue from 25.0%.
- Adjusted diluted EPS was $0.24, down 17.2% from $0.29; the company repurchased $700.8 million of stock in the quarter.
- For 2026, management expects full-year comparable restaurant sales to be about flat and 350 to 370 new restaurant openings.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.