"Chipotle reported Q1 2026 results on April 29, 2026, marking the inflection bulls have been waiting for. Revenue rose 7.4% to $3.1 billion, and comparable restaurant sales returned to positive territory at +0.5%."
"Management guided to 350 to 370 new openings in 2026, with a long-term goal of 7,000 restaurants in the U.S. and Canada, indicating strong unit growth potential."
"The 'Recipe for Growth' strategy is starting to work, with early success of the high-protein menu and benefits from high-efficiency equipment, as noted by CEO Scott Boatwright."
Chipotle Mexican Grill reported its first quarter of positive transaction growth in over a year, with revenue rising 7.4% to $3.1 billion. Comparable restaurant sales increased by 0.5%, and transactions grew by 0.6%. Despite a decline in diluted EPS to $0.23 and a compression in operating margin due to inflation and labor costs, digital sales reached 38.6% of revenue. The company plans to open 350 to 370 new restaurants in 2026, supported by a strong growth strategy and significant stock repurchases.
Read at 24/7 Wall St.
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