Chipotle Mexican Grill reported Q2 non-GAAP EPS of $0.33, in line with expectations. Revenue was $3.06B, a 3.0% YoY increase, but missed estimates by $60M. The increase in revenue was driven by new restaurant openings, while comparable restaurant sales decreased 4.0% due to lower transactions.
Chipotle Mexican Grill, Inc. (CMG) reported its Q2 2025 financial results, with non-GAAP EPS of $0.33, in line with expectations. Revenue came in at $3.06 billion, representing a 3.0% year-over-year increase, but the company missed estimates by $60 million [2]. The increase in revenue was primarily driven by new restaurant openings, while comparable restaurant sales decreased by 4.0% due to a 4.9% decline in transactions, partially offset by a 0.9% increase in average check size [2].
Digital sales accounted for 35.5% of total food and beverage revenue, highlighting the company's continued investment in digital platforms [2]. Management anticipates flat full-year comparable restaurant sales for 2025, with plans to open between 315 to 345 new company-owned restaurants, with over 80% featuring Chipotlane [2].
Investor sentiment towards CMG has been mixed. Private Advisor Group LLC reduced its stake in CMG by 22.3% during the first quarter [3]. Meanwhile, several other institutional investors, including Community Trust & Investment Co. and Headlands Technologies LLC, have either added to or maintained their positions in CMG [3]. Insider Roger E. Theodoredis sold 113,875 shares of CMG stock in June, representing a 50.91% decrease in their ownership [3].
Analyst ratings for CMG have been varied, with several firms upgrading their ratings and target prices, including UBS Group and Truist Financial [3]. Despite the mixed financial performance and varying analyst opinions, CMG's stock has been relatively stable, trading within a range of $44.46 to $66.74 over the past year [3].
References:
[1] https://www.marketscreener.com/news/earnings-flash-cmg-chipotle-mexican-grill-inc-reports-q2-revenue-3-06b-vs-factset-est-of-3-1-ce7c5cd2d18bf12d
[2] https://seekingalpha.com/news/4470960-chipotle-mexican-grill-non-gaap-eps-of-0_33-in-line-revenue-of-3_06b-misses-by-60m
[3] https://www.marketbeat.com/instant-alerts/filing-private-advisor-group-llc-cuts-stock-position-in-chipotle-mexican-grill-inc-nysecmg-2025-07-22/
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