Overview
Mexican restaurant chain's Q4 revenue rose 4.9%, slightly beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company opened 132 new restaurants, including 97 with Chipotlanes
Outlook
Chipotle expects full-year comparable restaurant sales to be about flat
Company plans 350 to 370 new restaurant openings in 2026
Chipotle anticipates effective tax rate between 24% and 26% before discrete items for 2026
Result Drivers
NEW RESTAURANT OPENINGS - Revenue growth driven by opening 132 new restaurants, including 97 with Chipotlanes, enhancing guest access and convenience
MENU PRICE INCREASES - Decrease in food, beverage, and packaging costs attributed to menu price increases and cost efficiencies, despite inflation in beef and chicken
LABOR COST INCREASE - Labor costs rose due to wage inflation and lower sales volumes, partially offset by menu price increases
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $2.98 bln | $2.96 bln (29 Analysts) |
Q4 Adjusted EPS | Beat | $0.25 | $0.24 (31 Analysts) |
Q4 EPS | $0.25 | ||
Q4 Comparable Restaurant Sales Growth | -2.50% | ||
Q4 Operating Margin | 14.10% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Chipotle Mexican Grill Inc is $45.00, about 16.9% above its February 2 closing price of $38.51
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nPn6Kl0zBa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
