Chipotle Mexican Grill, Inc.
Shortcut
0.29Normalized diluted EPS
-1.1% vs Street
Street
0.29Normalized diluted EPS
October 25 consensus snapshot
Real
0.27Issuer non-GAAP diluted EPS
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
Revenue $3,273M (-0.4% vs $3,285M consensus): comps +1.5% (price 2.6%, mix -0.6%, transactions -0.5%) vs the ~+1% guide and 1.3% Street, on 9.0% growth in average restaurants at 1H26 new-unit productivity (82%).
Restaurant-level margin 23.8% at the 2Q26-call midpoints (COGS 29.8%, labor 25.5%, other 15.5%); occupancy and D&A scaled with units; adjusted G&A $180M per guide.
Food-safety drag (cyclospora + Chipotle jalapeno salmonella, ~300bp per BofA) offset by heavier promotions and pricing running 2.5-3% (Deutsche Bank checks); Placer.ai Q3 visits +6.0% vs +5.8% in Q2.
On the record.
- Reporting period
- Q3 FY2026 (FQ3 2026 - Sep 2026)
- Reporting basis
- consensus normalized issuer adjusted diluted EPS, USD per common share after50-for-1split
- Consensus snapshot
- October 25, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 26, 2026 at 2:46 PM PDT
- Reviewed revision completed
- Oct 26, 2026 at 2:46 PM PDT
- First published
- Oct 26, 2026 at 3:12 PM PDT
Result basis
Chipotle reports Q3 adjusted diluted EPS $0.27 and GAAP diluted EPS $0.27 for September 30,2026. The adjusted numerator is $344.6m versus $339.9m GAAP; adjusted EPS is explicitly reported in the reconciliation, rather than inferred from its rounded equality to GAAP. USD per diluted common share on the original post 50-for -1 split basis is retained without a second split conversion.