Chipotle Mexican Grill, Inc. reported a total revenue of $3.0 billion for the third quarter of 2025, marking a 7.5% increase from $2.8 billion in the same period last year. The company's food and beverage revenue rose by 7.6% to $2.99 billion, while delivery service revenue decreased by 8.7% to $14.2 million. Net income for the quarter was $382.1 million, slightly down from $387.4 million in the prior year, resulting in diluted earnings per share of $0.29, up from $0.28. For the nine months ending September 30, 2025, total revenue reached $8.94 billion, a 5.6% increase compared to $8.47 billion in 2024.
In terms of operational metrics, Chipotle opened 84 new restaurants during the third quarter, including 64 equipped with Chipotlanes, bringing the total number of restaurants to 3,916 as of September 30, 2025. The company anticipates opening approximately 315 to 345 new company-owned restaurants in 2025, with a target of 350 to 370 openings in 2026. The company also reported a 0.3% increase in comparable restaurant sales, driven by a 1.1% rise in average check, although this was partially offset by a 0.8% decline in transactions.
Chipotle's operational costs saw notable increases, with labor costs rising by 8.6% to $756.7 million, primarily due to wage inflation and lower sales volumes. Occupancy costs also increased by 11% to $158.3 million, reflecting expenses associated with new restaurant openings. Other operating costs surged by 16.6% to $450.4 million, attributed to higher marketing and promotional activities. Despite these increases, food, beverage, and packaging costs decreased as a percentage of total revenue, benefiting from prior year menu price increases and cost efficiencies.
The company’s balance sheet showed total assets of $9.28 billion as of September 30, 2025, up from $9.20 billion at the end of 2024. Total liabilities increased to $6.06 billion, compared to $5.55 billion at year-end 2024, largely due to higher accounts payable and accrued liabilities. Shareholders' equity decreased to $3.22 billion from $3.66 billion, primarily due to stock repurchases totaling $1.68 billion in the first nine months of 2025. Looking ahead, Chipotle expects to generate positive cash flow and continue its stock buyback program, with $652.3 million remaining authorized for repurchases. The company remains focused on expanding its restaurant footprint while managing costs amid ongoing inflationary pressures.
About CHIPOTLE MEXICAN GRILL INC
Chipotle Mexican Grill, Inc. operates fast-casual restaurants specializing in Mexican-inspired cuisine, including burritos, bowls, tacos, quesadillas, and salads. The company emphasizes responsibly sourced, high-quality ingredients without artificial additives, serving customers primarily in the U.S. and select international markets. Chipotle’s business model focuses on delivering fresh, customizable meals through company-owned locations, supported by digital ordering and a commitment to sustainability, food safety, and employee development.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.