Chipotle Q2 2026: revenue up 9.3%, margins down, comps guide raised
Chipotle's second quarter of 2026 was a top-line win and a bottom-line shrug: revenue rose 9.3% to $3.35 billion and comparable sales turned positive at 2.2%, but net income fell 7.5% to $403.5 million and diluted EPS stayed flat at $0.32. Read it as a company buying growth with margin — the guidance raise is real, but it isn't yet showing up in profit per sale.
1 · Expected vs. Actual
Free preview belowDiluted EPS was $0.32, exactly flat with last year, and adjusted EPS was also flat at $0.33. Net income fell 7.5% to $403.5 million, so the flat per-share result came from a smaller share count — 1.279 billion diluted shares versus 1.350 billion a year ago. Against the $0.3224 consensus GAAP estimate, $0.32 is a hair light; on an adjusted basis, $0.33 is ahead.
Revenue rose 9.3% to $3.35 billion from $3.06 billion a year earlier, driven by new restaurant openings and, to a lesser extent, comparable restaurant sales. Comparable sales rose 2.2%, split between a 1.2% higher average check and a 1.0% gain in transactions. Digital sales were 38.3% of food and beverage revenue, up from 35.5%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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