Chipotle Q2 Earnings Beat, Raises Full-Year Guidance

Chipotle Mexican Grill reported second-quarter earnings that exceeded analyst expectations, leading to a significant rise in its stock price and an improved sales outlook for the year. The fast-casual chain announced its results on Wednesday, July 29, 2026.

The company posted adjusted earnings per share of $0.33, beating the consensus estimate of $0.32. Revenue for the quarter reached $3.35 billion, a 9.3% increase from the same period last year and above analyst forecasts of $3.33 billion. A key metric, comparable restaurant sales, grew by 2.2%, marking the company's best performance in that category in six quarters. This growth was driven by a 1% increase in customer transactions and a higher average check size.

CEO Scott Boatwright said the positive results reflect momentum from the company's growth strategy, which includes menu innovation, a revamped loyalty program, and operational improvements. Notably, Boatwright highlighted that customer perceptions of affordability and value have improved significantly. He stated that the company's affordability scores in the second quarter were better than they have been in the past couple of years, with progress noted across all...