Headquartered in Newport Beach, CA Fiscal year ends December NYSE: CMG chipotle.com
Chipotle Mexican Grill, Inc. operates fast-casual restaurants serving responsibly sourced, classically cooked food made without artificial colors, flavors or preservatives.
As of September 30, 2026, it had more than 4,200 restaurants in the United States, Canada, the United Kingdom, France, Germany, Mexico, the Middle East and South Korea. This included 4,267 company-owned locations and 20 partner-operated international locations.
Chipotle owns and operates all of its restaurants in the U.S., Canada and Europe. It expands elsewhere through partner-operated restaurants under license or franchise agreements, or through minority ownership interests, in the Middle East, South Korea and Mexico.
Nearly all revenue comes from food and beverage sales, with a small amount from delivery service fees. Digital channels made up 38.8% of food and beverage revenue in Q3 2026. These channels include the Chipotle website and app, the Chipotle Rewards loyalty program and third-party delivery aggregators.
Growth relies heavily on new units, many with a Chipotlane drive-thru pickup lane. It is supported by the company's Recipe for Growth strategy of menu and digital innovation and a high-efficiency kitchen equipment rollout. The company employs nearly 140,000 people. Updated
Six straight quarters of beating EPS estimates ended here, with earnings missing expectations as operating margin narrowed to 13.7% from 15.9% a year ago. Revenue still edged past estimates on 84 new restaurants and a third consecutive quarter of transaction growth, so the pressure is on costs rather than demand.
Chipotle's results land today, and the fourth-quarter guidance plus the brisket relaunch will set the tone more than the quarter itself.
$CMG reports its earnings today, and @BrianSozzi has three demands: 🤯 Blow him away 🙅 No fourth-quarter caution, because “you’re bringing back smoked brisket” 🧑⚖️ Defend why Chipotle should stay public https://t.co/Vwlw1kFzvX
Four days of takeover premium just came out of Chipotle shares, leaving holders back on the burrito chain's own fundamentals with no bidder underneath.
BREAKING: Chipotle stock, $CMG, falls after Starbucks says that it is not buying the company. On October 8th, the Financial Times reported that Starbucks "explored talks" about acquiring Chipotle. https://t.co/AhaeDfLDYr
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Chipotle Mexican Grill, Inc. operates fast-casual restaurants serving responsibly sourced, classically cooked food made without artificial colors, flavors or preservatives.
24/7 Wall St.'s 12-month price target for CMG is $41.61, rated Buy. The Wall Street consensus target is $40.57. CMG price prediction →
