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Restaurant Level Operating Margin
Indicates the profitability of individual Chipotle locations, providing insight into cost management and the ability to generate profit from sales.Chipotle lifted restaurant-level margins from COVID-era lows to a higher baseline and hit a mid-2024 peak, but margins follow a clear seasonal rhythm—Q2 strength and recurring Q3/Q4 softness—and experienced meaningful post-peak compression through 2025 before a modest rebound into mid-2026. For investors this means margins are durable yet cyclical: watch comps, AUV/mix (digital vs in-store), commodity and labor trends, and any pricing or efficiency levers to determine if the recent recovery is structural or just a cyclical bounce.
Date | Restaurant Level Operating Margin |
|---|---|
Sep 30, 2026 | 23.30 |
Jun 30, 2026 | 25.20 |
Mar 31, 2026 | 23.70 |
Dec 31, 2025 | 23.40 |
Sep 30, 2025 | 24.50 |
Jun 30, 2025 | 27.40 |
Mar 31, 2025 | 26.20 |
Dec 31, 2024 | 24.80 |
Sep 30, 2024 | 25.50 |
Jun 30, 2024 | 28.90 |