Revenue for 2025 grew 5.4% year-over-year to $11.9 billion, driven by new restaurant openings despite a 1.7% decline in comparable sales.
Adjusted diluted EPS increased 4.5% to $1.17, with net income at $1.54 billion for 2025.
Opened a record 345 new restaurants globally, surpassing 4,000 total locations, and launched the "Recipe for Growth" strategy.
Strategic focus included operational excellence, menu innovation, technology deployment, and international expansion.
Leadership transitions and internal promotions were highlighted, with ongoing searches for key executive roles.
Q4 revenue rose 4.9% to $3.0 billion, with comparable sales down 2.5% and digital sales accounting for over 36% of revenue.
Restaurant-level operating margin was 25.4% for 2025 and 23.4% for Q4, with a $27 million gift card breakage benefit in Q4.
Adjusted diluted EPS for Q4 was $0.25, flat year-over-year.
Opened 132 new restaurants in Q4, including 97 company-owned and 7 partner-operated.
Ended the year with $1.3 billion in cash and no debt; repurchased $2.4 billion in stock.
2026 comparable restaurant sales expected to be about flat, with comps anticipated to improve as the year progresses.
Plans to open 350 to 370 new restaurants in 2026, including 10 to 15 international partner-operated locations.
Pricing expected to contribute 1%-2% for the year, while inflation is projected at 3%-4%, creating margin pressure.
Marketing spend to remain elevated, supporting limited-time offers and new product launches.
Long-term targets include over 7,000 North American restaurants and $4 million AUVs with margins approaching 30%.
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Search for any keyword across all transcripts simultaneously.
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
The easiest way to stay updated during earnings season.
All events from public companies. Live and recorded.
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Chipotle Mexican Grill is a popular fast-casual restaurant chain that specializes in Mexican cuisine. The company is known for its focus on high-quality ingredients and sustainable practices. Chipotle's menu features a variety of customizable burritos, bowls, tacos, and salads, with options for vegetarians and vegans.
The company's commitment to using fresh, locally sourced ingredients has earned it a loyal following of customers who appreciate the quality of its food.
Chipotle operates through two main business segments: Restaurants and Other. The Restaurants segment includes all of the company's restaurant operations in the United States and internationally. The Other segment includes the company's non-restaurant operations, such as catering and delivery services.
Chipotle operates over 3,000 restaurants in the United States, Canada, the United Kingdom, France, and Germany. The company has a strong presence in the fast-casual restaurant industry, with a focus on providing a high-quality dining experience that is also affordable.
The company was founded in 1993 in Denver, Colorado, by Steve Ells, who originally intended to open a fine-dining restaurant. However, the success of Chipotle's first location, which offered a limited menu of burritos, tacos, and salads, led the company to focus on fast-casual dining. Chipotle was actually one of the first in the fast-food industry to offer digital ordering and payment options.
The company has also been recognized for its innovative marketing campaigns, such as its "Scarecrow" campaign that highlighted the importance of sustainable agriculture.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage