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Operating Expense Breakdown
Details core costs like food, labor, and occupancy, offering insight into how efficiently Chipotle runs its operations and where it’s prioritizing spending.Chipotle’s operating costs are tracking higher across the board — food, labor, other store costs and depreciation are all accelerating as the company both absorbs commodity/wage inflation and aggressively invests in unit growth, Chipotlanes and digital/HEAT rollouts; rising preopening and occupancy spend reflect the planned ~350 openings in 2026. G&A shows volatility partly from one‑time items, and management expects near‑term margin pressure but a path to recovery in H2 as pricing, lapping of inflation and equipment benefits kick in.
Date | General and Administrative | Food, Beverage, and Packaging | Labor | Other Store Operating Costs | Occupancy | Depreciation and Amortization | Preopening Costs | Impairment, Closure Costs, and Asset Disposals |
|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $190.47M | $993.57M | $836.45M | $499.76M | $174.21M | $98.33M | $16.36M | $13.81M |
Mar 31, 2026 | $203.72M | $913.35M | $805.41M | $480.64M | $169.88M | $96.72M | $11.64M | $9.82M |
Dec 31, 2025 | $160.34M | $900.15M | $760.52M | $461.57M | $162.49M | $92.70M | $16.95M | $8.46M |
Sep 30, 2025 | $146.74M | $902.45M | $756.67M | $450.43M | $158.31M | $90.52M | $13.74M | $7.40M |
Jun 30, 2025 | $172.15M | $756.26M | $756.26M | $428.66M | $154.25M | $90.94M | $10.61M | $5.47M |
Mar 31, 2025 | $172.78M | $838.40M | $718.23M | $415.16M | $149.84M | $87.21M | $8.21M | $6.17M |
Dec 31, 2024 | $191.22M | $866.25M | $716.87M | $411.49M | $146.44M | $83.88M | $12.90M | $532.00K |
Sep 30, 2024 | $126.61M | $855.51M | $696.85M | $386.46M | $142.57M | $84.35M | $12.79M | $15.18M |
Jun 30, 2024 | $175.03M | $716.63M | $716.63M | $384.75M | $138.66M | $83.56M | $8.99M | $5.76M |
Mar 31, 2024 | $204.63M | $779.08M | $659.45M | $385.77M | $135.70M | $83.24M | $7.21M | $5.48M |