Dear Chipotle Stock Fans, Mark Your Calendars for October 29

Core Viewpoint - Chipotle Mexican Grill (CMG) stock has experienced a 30% year-to-date correction, prompting an assessment of its valuations ahead of the upcoming third-quarter results [1] Financial Performance - For Q2 2025, Chipotle reported a revenue growth of 3% year-on-year, totaling $3.1 billion, with restaurant-level operating margin at 27.4% and overall operating margin at 18.2% [5] - The company experienced a 4% decline in comparable store sales for Q2 2025, indicating challenges in sales performance [6] Market Outlook - UBS has warned that Chipotle's third-quarter earnings may fall short of consensus estimates, and the full-year guidance is likely to be lowered due to broader industry and macroeconomic challenges [2] - Despite potential disappointing results, this situation may present a buying opportunity for long-term investors at oversold levels [3] Growth Initiatives - Chipotle opened 61 company-owned restaurants during Q2 2025 and has guided for 315 to 345 new restaurant openings for 2025, which is expected to positively impact growth in the coming years [7] - The company reported operating cash flow of $2.1 billion for FY 2024 and $1.1 billion for the first half of 2025, indicating robust cash flows that provide flexibility for continued expansion [8]