Core Viewpoint - Chipotle Mexican Grill Inc's stock has declined significantly following a revenue miss and a lowered annual sales forecast, leading to multiple price-target cuts from analysts [1][2]. Group 1: Stock Performance - The stock is down 12.1%, trading at $46.41, marking its largest single-day percentage loss since October 2017 [1][2]. - Year-to-date, the stock has decreased by 23.2% [2]. - The shares have gapped to their lowest level since April and are breaking below the 80-day moving average [2]. Group 2: Analyst Sentiment - Out of 31 analysts covering the stock, 23 have rated it a "buy" or better, indicating a generally positive outlook despite recent performance [2]. - The 12-month consensus target price is $59.80, representing a 29% premium to the current stock price [2]. Group 3: Options Activity - Today's options activity shows 72,000 calls and 56,000 puts traded, which is five times the typical volume for this time [3]. - The most active contract is the weekly 7/25 46-strike call, with new positions being bought to open [3].

智通财经7月24日电，"绩劣股"集体重挫，意法半导体大跌近18%，奇波雷墨西哥烧烤、陶氏化学跌超 12%，IBM跌超10%。 ...

Market Overview - The markets experienced a strong trading session, driven by a new trade deal with the Japanese auto industry, with the Dow gaining 507 points (+1.14%) and the S&P 500 reaching a new all-time closing high of 6358 (+0.78%) [1] Existing Home Sales - Existing Home Sales fell to 3.93 million, the lowest since September of the previous year, while the average sale price rose to a record high of $435,300 for June [2] Q2 Earnings Reports - **Alphabet (GOOGL)**: Reported earnings of $2.31 per share, exceeding expectations of $2.15, with revenues of $81.7 billion, up 14% year over year [3] - **YouTube**: Ad revenue increased by nearly 13% to $9.8 billion, with a services margin above 40% [4] - **Tesla (TSLA)**: Reported earnings of 33 cents per share, missing the consensus of 39 cents, with revenues of $22.5 billion, slightly above estimates [5] - **IBM**: Earnings of $2.80 per share surpassed estimates of $2.64, with revenues of $16.98 billion, exceeding expectations of $16.58 billion [6] - **Chipotle (CMG)**: Earnings of 33 cents per share beat estimates by a penny, but revenues were flat at $3.10 billion, with comparable sales down 4% [7] - **ServiceNow (NOW)**: Achieved earnings of $4.09 per share, significantly above the projected $3.54, with revenues of $3.22 billion, up 22.5% year over year [8] Upcoming Economic Indicators - Anticipated reports include Weekly Jobless Claims, flash S&P Services and Manufacturing PMI for July, and New Home Sales for June [9]

Core Insights - Chipotle Mexican Grill reported revenue of $3.06 billion for the quarter ended June 2025, reflecting a 3% increase year-over-year, but fell short of the Zacks Consensus Estimate of $3.1 billion by 1.24% [1] - The company's EPS was $0.33, slightly down from $0.34 in the same quarter last year, but exceeded the consensus estimate of $0.32 by 3.13% [1] Financial Performance Metrics - Company-operated restaurants at the end of the period totaled 3,839, slightly below the average estimate of 3,846 by 10 analysts [4] - Comparable restaurant sales decreased by 4%, worse than the average estimate of -2.8% from 10 analysts [4] - A total of 61 company-operated restaurants were opened, which is below the average estimate of 65 by five analysts [4] - Average restaurant sales on a trailing twelve-month basis were $3.14 million, matching the two-analyst average estimate [4] - Revenue from food and beverage was $3.05 billion, slightly below the average estimate of $3.08 billion by seven analysts, representing a year-over-year increase of 3.1% [4] - Revenue from delivery services was $15.64 million, below the average estimate of $16.06 million by five analysts, indicating a year-over-year decline of 14.1% [4] Stock Performance - Chipotle's shares have returned -4.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of 5.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Chipotle Mexican Grill (CMG) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +3.13%. A quarter ago, it was expected that this Mexican food chain would post earnings of $0.28 per share when it actually produced earnings of $0.29, delivering a surprise of +3.57%.Over the last four quart ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION _____________FORM ______________________________ 10-Q _______________________________ For the transition period from to x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, D.C. 20549 _________________________________________________________________________ ...

Financial Data and Key Metrics Changes - Sales for the second quarter grew 3% year over year to reach $3.1 billion, including a comparable sales decline of 4% [8][27] - Restaurant level margin was 27.4%, a decline of 150 basis points year over year [8][27] - Adjusted diluted EPS was $0.33, representing a 3% decline over last year [8][27] - Cost of sales in the quarter were 28.9%, a decrease of about 50 basis points from last year [28] - Labor costs for the quarter were 24.7%, an increase of about 60 basis points from last year [30] - Other operating costs for the quarter were 14%, an increase of about 110 basis points from last year [31] - The company ended the quarter with $2.1 billion in cash and no debt [34] Business Line Data and Key Metrics Changes - Digital sales accounted for 35.5% of total sales [8] - The company opened 61 new restaurants, including 47 Chipotlanes [8] Market Data and Key Metrics Changes - The company anticipates comparable sales to be about flat for the full year due to ongoing volatility in consumer trends [9][28] - The two-year comparable sales trend was around 8% in June, with July showing a range of 7% to 8% [48] Company Strategy and Development Direction - The company aims to enhance its value proposition through better execution, menu innovation, and an amplified rewards program [10] - Key strategies include operational excellence, brand visibility, technology and innovation, expanding access through new restaurant openings, and sustaining leadership in people development [10][11] - The company plans to test a new catering platform in the fall, targeting a significant growth opportunity [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about operational improvements and the potential for growth, citing a strong plan to drive consistent transaction growth [25][26] - The company is confident in returning to mid-single-digit comparable sales growth as macro conditions improve [54][68] Other Important Information - The company has begun rolling out high-efficiency equipment to improve operational efficiency and culinary quality [12][101] - The "Summer of Extras" marketing initiative successfully engaged 5 million participants, with a notable increase in enrollments and transaction frequency [40][41] Q&A Session Summary Question: Digital marketing effectiveness and future strategies - Management reported positive results from the "Summer of Extras" program, with a 14% year-over-year increase in enrollments and significant engagement from low-frequency users [39][40] Question: Trends through the quarter and consumer sentiment - Management noted a decline in consumer sentiment in May, but a rebound in June due to marketing initiatives, with expectations for continued improvement [47][48] Question: Outlook for mid-single-digit comp growth - Management believes that macroeconomic factors are currently impacting performance, but they are confident in their strategies to achieve growth as conditions normalize [66][68] Question: New store productivity and regional performance - New store productivity remains strong at around 80%, and management indicated that regional performance trends are consistent across the board [58][85] Question: Competition and consumer behavior - Management acknowledged some share loss in April and May but reported a return to share gains in June and July, indicating that competition is not a significant concern at this time [77][78]

Financial Data and Key Metrics Changes - Sales for Q2 2025 grew 3% year over year to reach $3.1 billion, including a comparable sales decline of 4% [6][26] - Restaurant level margin was 27.4%, a decline of 150 basis points year over year [7][26] - Adjusted diluted EPS was $0.33, a decline of 3% compared to the previous year [7][26] - Cost of sales in Q2 was 28.9%, a decrease of about 50 basis points from last year [27] - Labor costs for the quarter were 24.7%, an increase of about 60 basis points from last year [29] - Other operating costs were 14%, an increase of about 110 basis points from last year [29] Business Line Data and Key Metrics Changes - Digital sales accounted for 35.5% of total sales [7] - The company opened 61 new restaurants, including 47 Chipotlanes [7] - The rollout of the produce slicer is expected to improve back of house efficiencies [11][12] Market Data and Key Metrics Changes - The company anticipates comparable sales to be about flat for the full year due to ongoing volatility in consumer trends [8][26] - The company has nearly tripled its business in Canada over the last five years, with economics on par with the US [20] Company Strategy and Development Direction - The company is focusing on five key strategies: successful restaurant operations, brand visibility, technology and innovation, expanding access, and sustaining people leadership [9][10] - A new catering platform will be tested in the fall, aiming to scale the catering business which currently represents only 1% to 2% of sales [16][17] - The company plans to open between 315 and 345 new restaurants this year, with a long-term goal of reaching 7,000 restaurants [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about operational improvements and the potential for consistent transaction growth [24] - The company is confident in its ability to return to mid-single-digit comparable sales growth as macro conditions improve [50][64] - Management noted that consumer sentiment is trending upward, which could positively impact sales [48][64] Other Important Information - The company ended the quarter with $2.1 billion in cash and no debt [32] - The board authorized an additional $400 million for share repurchase, with $839 million remaining at the end of the quarter [32] Q&A Session Summary Question: Digital marketing effectiveness and future plans - Management reported that the "Summer of Extras" program engaged 5 million participants, with a 14% year-over-year increase in enrollments [37] Question: Trends through the quarter - Management noted a positive trend in June and July, with a two-year comp returning to about 8% [46] Question: New store productivity - New store productivity remains around 80%, consistent with existing stores [54] Question: Impact of macro conditions on performance - Management indicated that macro conditions are a significant factor affecting performance, with low-income consumers seeking value [63] Question: Regional performance differences - Management stated that all regions have been trending similarly, with no significant competitive threats identified [82][84] Question: Contribution of new COO - The new COO is expected to bring operational improvements and a fresh perspective to enhance guest and team member experiences [90][92]

Here's our initial take on Chipotle's (CMG 0.78%) financial report.Key MetricsMetricQ2 2024Q2 2025Changevs. ExpectationsRevenue$2.97 billion$3.06 billion3%MissedEarnings per share (adjusted)$0.34$0.33(2.9%)MetComparable restaurant sales11.1%(4%)(15.1) ppn/aOperating margin19.7%18.2%(1.5) ppn/aFewer People Are Going to ChipotleChipotle managed to eke out 3% revenue growth in the second quarter, below analyst expectations, only because it opened 61 new company-owned restaurants. Comparable-restaurant sales dr ...

Core Viewpoint - Chipotle Mexican Grill (CMG) shares fell 9.11% in after-hours trading following a downward revision of same-store sales expectations [1] Summary by Category Company Performance - Chipotle Mexican Grill announced a reduction in its same-store sales forecast, which has negatively impacted its stock price [1] Market Reaction - The stock experienced a significant decline of 9.11% in after-hours trading, indicating investor concern over the revised sales outlook [1]