Financial Data and Key Metrics Changes - For the full year 2025, revenue grew 5.4% year-over-year, despite a 1.7% decline in comparable sales [4] - Adjusted diluted earnings per share increased by 4.5% year-over-year to $1.17 [4] - In Q4, sales grew 4.9% to reach $3 billion, with a comparable sales decline of 2.5% [25] - Restaurant-level margin was 23.4%, down 140 basis points year-over-year [25] - Digital sales accounted for 37.2% of total sales [25] Business Line Data and Key Metrics Changes - The company opened a record 334 new company-owned restaurants and 11 international partner-operated restaurants in 2025 [4] - 132 new restaurants were opened in Q4, including 97 Chipotles and 7 partner-operated restaurants [25] - The rollout of high-efficiency equipment is expected to improve speed and consistency, with 350 restaurants currently equipped and a target of 2,000 by year-end [10][40] Market Data and Key Metrics Changes - The company is experiencing a dynamic consumer backdrop, with guests focusing more on value and quality [5] - In Canada, the company opened 21 restaurants, marking a 38% year-over-year increase [17] - The company plans to expand its footprint in the Middle East, with plans to nearly double its presence in 2026 [19] Company Strategy and Development Direction - The company aims to protect and strengthen its core by driving operational and culinary excellence [8] - Key strategies include modernizing the business model with technology, expanding global reach, and cultivating talent [8] - The company is focusing on menu innovation and increasing the frequency of limited-time offers to drive demand [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth strategy and noted that 2025 was a year of progress and resilience [4] - The company anticipates a flat comparable restaurant sales for the full year 2026, with a cautious approach due to evolving consumer dynamics [26] - Management highlighted the importance of operational excellence and culinary quality in meeting future demand [9] Other Important Information - The company has a strong balance sheet with $1.3 billion in cash and no debt [33] - A record $2.4 billion was spent on stock repurchases in 2025, with an additional $1.8 billion authorized for future buybacks [33] Q&A Session Summary Question: Guidance for flat comps for sales - Management indicated that the full-year guidance reflects a conservative approach due to unpredictable consumer trends, with expectations for improvement as initiatives take effect [38] Question: High-efficiency package impact on comp sales - Management reported hundreds of basis points of improvement in comp sales at restaurants with the new equipment, with plans to accelerate the rollout [40] Question: Limited-time offers (LTO) marketing strategy - Management confirmed that LTOs have a higher lifetime value for customers and emphasized a more robust marketing strategy to support these offerings [46] Question: Margin outlook with flat comps - Management expects margins to be under pressure in 2026 due to pricing strategies and inflation, but anticipates recovery by year-end [62] Question: Development levels in North America - Management confirmed plans to open 350 new restaurants in 2026, maintaining confidence in growth rates and returns [81]

Melissa, that stock moving lower here. Chipotle beating analyst estimates on its top and bottom lines. Revenues coming in at 2.98% billion versus the 2.96% billion estimated.EPS 25 cents adjusted. That's a penny beat. Comps were down 2.5% in Q4.That's a bit less than the 3% drop that was estimated by analysts. Restaurant margin slightly above estimates at 23.4% but its full year 2025. Same store sales were down 1.7%.That's its first fullear contraction for same store sales since 2016. But Chipotle's fullear ...

Core Viewpoint - Chipotle Mexican Grill Inc reported strong financial results for the fourth quarter, exceeding analyst expectations in both revenue and earnings per share, despite a decline in comparable restaurant sales [2][4]. Financial Performance - Revenue for the fourth quarter was $2.98 billion, surpassing analyst estimates of $2.96 billion [2]. - Adjusted earnings were 25 cents per share, beating estimates of 24 cents per share [2]. - Total revenue increased by 4.9% year-over-year, while comparable restaurant sales decreased by 2.5% year-over-year due to a 3.2% drop in transactions, partially offset by a 0.7% increase in average check [2]. Growth Drivers - Revenue growth was attributed to the opening of 132 new restaurants in the quarter, with 97 locations featuring a Chipotlane, and an increase in gift card breakage revenue of $27 million, up from $7.9 million year-over-year [3][4]. - Digital sales accounted for 37.2% of food and beverage revenue, and the restaurant-level operating margin was 23.4% in the fourth quarter [3]. Future Outlook - The company anticipates flat comparable restaurant sales for the full year 2026 and plans to open between 350 and 370 new restaurants, with approximately 80% including a Chipotlane [5]. - Chipotle's CEO emphasized the company's growth momentum and the "Recipe for Growth" strategy aimed at differentiating the brand and expanding its global footprint [4]. Stock Performance - Following the earnings report, Chipotle shares fell by 3.75% in after-hours trading, reaching $37.70 [6].

New restaurant openings helped boost the fast-casual chain's revenue in the latest quarter, even as same-store sales fell. ...

Chipotle's outlook for the year casts doubt on a restaurant-industry rebound - MarketWatch## Earnings Results# Chipotle's outlook for the year casts doubt on a restaurant-industry rebound## Shares fall after hours as management says it will focus more on new menu items and relaunch its rewards program, with hopes of stronger sales growth aheadPublished: Feb. 3, 2026 at 4:38 p.m. ETShareResize---Listen(2 min)Chipotle reported fourth-quarter results on Tuesday. Photo: Getty ImagesShares of Chipotle Mexican Gr ...

Q4/FY 2025 EARNINGS I N V E S T O R I N F O R M A T I O N FORWARD -LOOKING STATEMENTS Certain statements in this presentation are forward -looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about our future financial results, including future AUV and margins, the number of company owned and partner - operated restaurants we will open, and the future success of our Recipe for Growth initiatives. We use words such as "anticipate," "believe," "estimate," ...

Core Insights - Chipotle Mexican Grill reported quarterly earnings and revenue that exceeded analysts' expectations, despite a decline in restaurant traffic for the fourth consecutive quarter [1][2] - The company anticipates flat same-store sales growth for 2026, indicating ongoing challenges for the burrito chain [1] - Chipotle experienced a full-year same-store sales decline of 1.7% in 2025 [1] Financial Performance - The company reported a fourth-quarter net income of $330.9 million, or 25 cents per share, a slight decrease from $331.8 million, or 24 cents per share, a year earlier [2] - Net sales increased by 4.9% to $2.98 billion, surpassing Wall Street's expectations of $2.96 billion [3][7] - Same-store sales fell by 2.5% for the quarter, marking the third consecutive quarter of declines, although this was better than the anticipated decrease of 3% [3] Traffic and Consumer Behavior - Restaurant traffic declined by 3.2%, with executives noting a pullback in consumer spending across all income levels, particularly among low-income diners [4] - Over the past year, Chipotle's shares have decreased by approximately one-third, reducing the company's market value to around $51 billion [4] Strategic Initiatives - To attract customers, Chipotle is focusing on operational improvements and new menu items rather than discounts, introducing "protein cups" to appeal to protein-focused consumers [5] - The company opened 132 company-owned locations and seven international licensee restaurants during the quarter, totaling 334 company-owned locations and 11 international partner restaurants for the year [6] - For 2026, Chipotle plans to open 350 to 370 new restaurants, including 10 to 15 international locations run by licensees [6]

Exhibit 99.1 EARNINGS RELEASE IR Contact: Cindy Olsen, CFA (949) 524-4205 Cindy.Olsen@chipotle.com CHIPOTLE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS LAUNCHES "RECIPE FOR GROWTH" STRATEGY TO GROW TRANSACTIONS AND DRIVE ACCURACY, EFFICIENCY AND SPEED FULL YEAR TOTAL REVENUE INCREASED 5.4% TO $11.9 BILLION NEWPORT BEACH, Calif. – February 3, 2026 – Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and fiscal year ended December 31, 2025. Fourth quarter ...

Core Insights - Chipotle Mexican Grill launched its "Recipe for Growth" strategy aimed at enhancing transactions and improving operational efficiency, accuracy, and speed [4][19] - The company reported a total revenue increase of 5.4% to $11.9 billion for the full year 2025, driven primarily by new restaurant openings [8][12] Fourth Quarter Highlights - Total revenue for Q4 2025 was $3.0 billion, a 4.9% increase from Q4 2024, supported by new restaurant openings and a gift card breakage revenue of $27.0 million [5][8] - Comparable restaurant sales decreased by 2.5%, attributed to a 3.2% drop in transactions, although there was a 0.7% increase in average check [5][12] - Digital sales accounted for 37.2% of total food and beverage revenue [5] Full Year Highlights - For the full year 2025, comparable restaurant sales decreased by 1.7%, with a 2.9% decline in transactions offset by a 1.2% increase in average check [12][16] - The operating margin for the full year was 16.2%, down from 16.9% in 2024 [8][16] - Net income for 2025 was $1.54 billion, or $1.14 per diluted share, compared to $1.53 billion, or $1.11 per diluted share in 2024 [16][28] Restaurant Expansion - In 2025, Chipotle opened 334 company-owned restaurants, including 257 with a Chipotlane, and 11 international partner-operated restaurants [8][13] - As of December 31, 2025, Chipotle operated a total of 4,056 restaurants globally [13] Cost Management - Food, beverage, and packaging costs were 29.6% of total revenue for 2025, a decrease from 29.8% in 2024, primarily due to menu price increases and cost efficiencies [14][28] - Labor costs increased to 25.1% of total revenue, up from 24.7% in 2024, mainly due to lower sales volumes and wage inflation [15][28] Share Repurchase Program - During 2025, Chipotle repurchased $2.4 billion of stock at an average price of $42.54 per share [11][17] Future Outlook - For 2026, management anticipates comparable restaurant sales to be about flat and plans to open 350 to 370 new restaurants, including 10 to 15 international partner-operated locations [22][20]

Chipotle reports earnings after shares slid 34% in a year. Investors are watching closely for signs that customer traffic and pricing pressures are stabilizing. ...