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 ...

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

Company Overview - Chipotle Mexican Grill (CMG) is currently trading at approximately $39 per share, which is about 34% lower than its 52-week high, primarily due to multiple compression and broader market volatility rather than a fundamental collapse in the business [2] - The company has effectively implemented several price increases in recent years, including a 6-7% increase in California, without significant negative effects on customer traffic, indicating inelastic demand for their products [13] Investment Strategy - A potential investment strategy involves selling long-dated Put options with a strike price of $27.50, which could yield an annualized return of 8.6% at a 30% margin of safety [3][12] - If CMG stock remains above $27.50, the investor retains the full premium of approximately $121 per contract, representing a 4.4% additional income over the next 351 days [5] - If CMG closes below $27.50, the effective cost basis for acquiring the stock would be $26.29 per share, about a 33% discount from the current level [6] Competitive Advantage - Chipotle is recognized for its strong brand and significant pricing power, which contributes to its wide economic moat [9] - The company's focus on fresh ingredients and a customizable menu aligns with the long-term trend towards health-conscious consumer preferences [8] Industry Outlook - The restaurant industry is projected to grow at a compound annual growth rate (CAGR) of 10.4%, driven by a secular trend towards healthier and more convenient food options [11] - Key risks to the industry include increasing labor costs and supply chain disruptions [11] Financial Health - Chipotle maintains a solid balance sheet with no net long-term debt, indicating a low risk of bankruptcy [14] - The company generates positive free cash flow, reinforcing its financial stability [14]

Core Viewpoint - Analysts forecast that Chipotle Mexican Grill (CMG) will report quarterly earnings of $0.24 per share, indicating a year-over-year decline of 4%, while revenues are expected to reach $2.98 billion, reflecting a 4.9% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised upward by 0.8% in the past 30 days, indicating a reassessment by covering analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenue- Food and beverage' will reach $2.95 billion, a change of +4.4% from the prior-year quarter [5] - The consensus estimate for 'Revenue- Delivery service' is $14.21 million, indicating a decline of -7.3% from the year-ago quarter [5] Key Metrics - The average estimate for 'Company-operated restaurants at end of period' is projected at 4,041, up from 3,726 in the same quarter last year [5] - 'Comparable restaurant sales increase' is expected to be -2.8%, a significant drop from the 5.4% reported in the same quarter last year [6] - Analysts project 'Company-operated restaurants opened' will reach 125, compared to 119 in the same quarter last year [6] - 'Company-operated restaurants at beginning of period' is likely to be 3,916, up from 3,615 in the same quarter last year [7] - The estimate for 'Average restaurant sales - TTM' is $3.07 million, down from $3.21 million in the previous year [7] Stock Performance - Chipotle shares have increased by +5.8% in the past month, compared to a +0.8% move of the Zacks S&P 500 composite [7] - CMG holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]

Key Takeaways CMG reports Q4 results Feb. 3, with EPS seen at 24 cents and revenues expected to rise 5% year over year.CMG saw menu LTOs, premium proteins and loyalty marketing lift transactions despite softer underlying traffic.CMG faced margin headwinds from higher beef, labor and marketing costs, while not fully offsetting inflation.Chipotle Mexican Grill, Inc. (CMG) is slated to release fourth-quarter 2025 results on Feb. 3, after the closing bell.In the last reported quarter, the company’s earnings bea ...

Core Insights - Chipotle Mexican Grill is reintroducing Chicken al Pastor to its menu across the U.S., Canada, the UK, France, and Germany starting February 10, 2026, as part of its accelerated menu innovation strategy for the year [1][2][8] Menu Innovation - The return of Chicken al Pastor marks the first limited-time offering (LTO) for Chipotle in 2026, with plans for three to four additional protein offerings, alongside new sides and dips throughout the year [1][8] - Chipotle's previous strategy of introducing two limited-time proteins per year has significantly increased transaction frequency among both new and existing customers [6] Customer Engagement - The reintroduction of Chicken al Pastor is a response to overwhelming customer demand, with social media requests for its return being more than double that of any other limited-time offering in the brand's history [4] - Chipotle Rewards members will have exclusive access to order Chicken al Pastor on February 9, 2026, one day before it becomes available to the general public [5][8] Product Details - Chicken al Pastor features a unique flavor profile, made with freshly grilled chicken, a marinade of seared morita peppers and ground achiote, complemented by pineapple, lime, and cilantro [3][7] - The Chicken al Pastor burrito is highlighted for its nutritional value, containing 54 grams of protein and 22 grams of fiber [7] Promotional Offers - To celebrate the return of Chicken al Pastor, Chipotle is offering a $0 delivery fee on orders that include this item from February 14 to February 28, 2026 [8][10]

Compensation Overview - Starbucks CEO Brian Niccol's total compensation for fiscal 2025 was $31 million, a significant decline from $96 million in fiscal 2024 [1][2] - The 2025 compensation package included a $5 million bonus and nearly $20 million in stock awards, reflecting a decrease in performance-based incentives due to stock performance [2][4] Leadership and Strategy - Niccol, who became CEO in September 2024, aims to rejuvenate growth at Starbucks through a strategy called "Back to Starbucks," which has shown some initial positive results [3] - Despite the strategy, Niccol has not yet fully convinced investors of its effectiveness [3] Stock Performance - Starbucks stock experienced a 7.7% decline in 2025, marking the fourth consecutive annual decline, which impacted Niccol's performance-based compensation [4] - The company reported comparable sales growth for the first time in a year and a half, driven by strong international operations [4] Upcoming Financial Reporting - Starbucks is set to report its fourth-quarter earnings soon, with an investor presentation expected to outline financial targets for the first time under Niccol's leadership [5]