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Chipotle Mexican Grill (CMG) Q3 2026 Earnings: Guidance Reaffirmed

Q3 2026 (quarter ended September 30, 2026): revenue, EPS and full-year guidance from the SEC filing

Published Nov 5, 2026

TL;DR

  • Chipotle Mexican Grill reaffirmed its full-year guidance; revenue +9.7% vs a year earlier.

Chipotle Mexican Grill's results for Q3 2026 (quarter ended September 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-28. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.

At a glance

ItemValue
Revenue (GAAP)$3,293 million (+9.7% vs a year earlier)
Diluted EPS (GAAP)$0.27
Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs)$0.27
Full-year guidanceReaffirmed

Guidance

Chipotle continues to anticipate low-single-digit 2026 comparable sales growth and 350-370 openings; for 2027 it anticipates 340-360 U.S./Canada company-owned openings.

Why this label: 'Continues to anticipate' low-single-digit comparable restaurant sales growth, openings and tax rate; no revenue or EPS figures.

MetricPeriodNewPrior (as stated in the release)
comparable restaurant sales growthFY2026low single digit rangenot stated
new restaurant openingsFY2026350 to 370 (incl. 10 to 15 international partner-operated)not stated
underlying effective tax rateFY202624% to 26% before discrete itemsnot stated
new company-owned restaurant openings (U.S. and Canada)FY2027340 to 360not stated
restaurant openings outside U.S. and CanadaFY2027around 15 to 25 company-owned and partner-operatednot stated

From the release

Revenue: "Total revenue · 3,293,162 · 100.0 · 3,003,444 · 100.0"

Earnings per share: "Net income for the third quarter of 2026 was $339.9 million, or $0.27 per diluted share, compared to $382.1 million, or $0.29 per diluted share, in the third quarter of 2025. Adjusted net income 1 for the third quarter of 2026 was $344.6 million, or $0.27 per adjusted diluted share"

comparable restaurant sales growth: "For 2026, management continues to anticipate the following: • Full year comparable restaurant sales growth in the low single digit range"

new restaurant openings: "350 to 370 new restaurant openings, which includes 10 to 15 international partner-operated restaurants."

underlying effective tax rate: "An estimated underlying full year effective tax rate between 24% and 26% before discrete items"

Quotes are copied from the filing; in table rows, cell borders are shown as “·”.

Key fact: Comparable restaurant sales rose 2.1%, a third straight quarter of positive transaction growth

Source

Chipotle Mexican Grill earnings release (SEC filing), accession 0001058090-26-000103, filed 2026-10-28.

Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.

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