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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.Restaurant-level margins recovered strongly from the pandemic to the high-20s on pricing, digital mix and efficiency gains, but have rolled over into 2025–Q1 2026 (23.7%) as beef, freight and labor inflation, check/mix headwinds and higher marketing/opening costs compress unit economics. Management says margins should improve in H2 as inflation laps, modest pricing and HEAT/digital makeline rollouts take effect, so near-term EPS pressure looks likely but meaningful upside hinges on commodity trends and the pace of operational tech scale.
Date | Restaurant Level Operating Margin |
|---|---|
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 |
Mar 31, 2024 | 27.50 |