Chipotle Mexican Grill ( (CMG) ) has released its Q1 earnings. Here is a breakdown of the information Chipotle Mexican Grill presented to its investors.
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Chipotle Mexican Grill, Inc. is a leading fast-casual restaurant chain known for serving responsibly sourced, classically-cooked meals with wholesome ingredients across nearly 3,800 locations worldwide.
In its first quarter of 2025, Chipotle reported a 6.4% increase in total revenue, reaching $2.9 billion, despite facing challenges such as adverse weather conditions and reduced consumer spending. The company opened 57 new restaurants, with a significant portion featuring the Chipotlane drive-thru service, enhancing customer convenience and boosting sales.
Key financial metrics from the quarter include a slight decrease in comparable restaurant sales by 0.4%, while diluted earnings per share rose by 7.7% to $0.28. Operating margins showed mixed results, with the overall margin improving to 16.7%, but the restaurant-level margin declining to 26.2%. The company also repurchased $553.7 million worth of stock, reflecting confidence in its financial position.
Despite the challenges, Chipotle remains optimistic about future growth, with plans to open 315 to 345 new restaurants in 2025, the majority of which will include Chipotlanes. Management anticipates low single-digit growth in comparable restaurant sales for the full year, signaling a positive outlook for the remainder of the year.