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Chipotle Mexican Grill Inc
LSE:0HXW

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Chipotle Mexican Grill Inc Logo
Chipotle Mexican Grill Inc
LSE:0HXW
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Price: 33.68 USD -1.69% Market Closed
Market Cap: $44.5B

Chipotle Mexican Grill Inc
Investor Relations

Chipotle Mexican Grill runs a chain of fast-casual restaurants that sell made-to-order burritos, bowls, tacos, salads, quesadillas, chips, guacamole, and drinks. Customers are mostly everyday consumers looking for a quick meal they can customize from a simple menu. The company makes money mainly by selling food and beverages at its own restaurants, including orders placed in person, online, and through delivery partners. Unlike many restaurant brands that rely heavily on franchising, Chipotle mostly owns and runs its restaurants itself, so it keeps the full restaurant sales but also carries the full cost of building, staffing, and operating each location. What sets Chipotle apart is its narrow menu and assembly-line style service. It uses a limited set of ingredients, prepares food in open kitchens, and lets customers choose their own combinations, which helps keep operations simple and the brand easy to recognize in the restaurant industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 29, 2026
AI Summary
Q1 2026

Beat and momentum: Chipotle said first-quarter results came in ahead of expectations, with revenue up 7.4% to $3.1 billion and comparable sales up 0.5%, helped by better restaurant execution and new menu items.

Transaction recovery: The company said it returned to positive transaction growth in the quarter and saw a further step-up in April, driven by Cilantro-Lime Sauce, the rewards relaunch and ongoing menu innovation.

Margin pressure: Restaurant-level margin fell to 23.7%, down 250 basis points year over year, as food inflation, labor inflation and higher operating costs outweighed pricing.

Full-year view: Management kept full-year comparable sales guidance at about flat and remained cautious on the consumer backdrop, while signaling upside if current trends hold.

Strategy rollout: Chipotle highlighted progress on its Recipe for Growth plan, including AI tools, rewards changes, more frequent LTOs, a stronger hospitality push and new leadership hires in brand and digital.

Key Financials
Revenue
$3.1 billion
Comparable sales
0.5%
Digital sales
$1.2 billion
Digital sales mix
38.6%
Restaurant-level margin
23.7%
Adjusted diluted earnings per share
$0.24
New restaurants opened
49
Chipotle new restaurants opened
42
Cost of sales
29.6%
Labor costs
25.7%
Other operating costs
15.6%
Marketing costs
3.4% of sales
G&A
$204 million
Depreciation
$97 million
Effective tax rate
25.4%
Cash, restricted cash and investments
$1 billion
Share repurchases
$701 million
Remaining share repurchase authorization
$1 billion
High-efficiency equipment locations
over 600 restaurants
Rewards share of sales
32%
Order-ahead mix
over 20%
Europe restaurant count
29 restaurants
Earnings Call Recording
Other Earnings Calls

Management

Mr. John R. Hartung
President and Chief Strategy Officer

John R. Hartung is well-known for his role as the Chief Financial Officer (CFO) at Chipotle Mexican Grill Inc. He joined the company in 2002 and has overseen the brand's financial strategies during a time of significant growth and transformation. Prior to his tenure at Chipotle, Hartung worked for McDonald's Corporation, where he spent 18 years and gained substantial experience in various financial roles. At Chipotle, Hartung has played a crucial role in scaling operations and managing financial resources to support the company's expansion efforts. His expertise has been instrumental in driving fiscal discipline, investor relations, and contributing to strategic planning, ensuring Chipotle's financial health and its continued success in the competitive fast-casual dining industry.

Mr. Adam Rymer
Chief Financial Officer
No Bio Available
Ms. Jamie McConnell
Chief Accounting and Administrative Officer

Jamie McConnell is the Chief Restaurant Officer at Chipotle Mexican Grill Inc. In her role, she is responsible for overseeing restaurant operations, ensuring high standards of quality and service across all Chipotle locations. Prior to her current role, McConnell held various leadership positions within the company, contributing significantly to its operational strategies and growth initiatives. Her experience in the industry and commitment to operational excellence play a crucial part in enhancing the dining experience for Chipotle customers worldwide.

Ms. Cynthia Henn Olsen CFA
Head of Investor Relations & Strategy

Cynthia Henn Olsen, CFA, serves as the Chief Development Officer at Chipotle Mexican Grill, Inc. In her role, she is responsible for overseeing the company's development strategies, which include site selection, design, and construction of new restaurants. Ms. Olsen plays a crucial role in ensuring that Chipotle's expansion aligns with its growth objectives and operational standards. With a strong background in finance and strategic development, Ms. Olsen has contributed significantly to enhancing Chipotle's footprint across various markets. Her expertise as a Chartered Financial Analyst (CFA) adds a layer of financial acumen to her role, allowing her to integrate financial strategies with development plans effectively. Before joining Chipotle, Cynthia Henn Olsen held various leadership positions in the restaurant and retail industries, driving growth and expansion for significant brands. Her experience and insights into market dynamics have enabled her to adapt and apply innovative approaches to restaurant development, contributing to Chipotle's continued success and expansion initiatives. Her leadership is instrumental in navigating the complexities of real estate and development, ultimately driving the company's mission to make high-quality food available to more people.

Ms. D Ilene Eskenazi J.D.
Chief Human Resources Officer

D. Ilene Eskenazi, J.D., serves as the Chief Legal Officer, General Counsel, and Corporate Secretary at Chipotle Mexican Grill, Inc. She joined Chipotle in this key executive role, bringing with her extensive experience in legal affairs, corporate governance, and compliance. Eskenazi plays a critical role in overseeing Chipotle's legal strategies and ensuring that the company's operations align with legal and ethical standards. Before joining Chipotle, Eskenazi held significant positions in other organizations where she managed legal departments, navigated complex legal matters, and contributed to corporate governance. Her expertise spans various legal domains including mergers and acquisitions, intellectual property, and regulatory compliance. Eskenazi holds a Juris Doctor degree, which underscores her strong legal background and capacity to guide Chipotle through the intricate legal landscapes of the food and hospitality industry. Her leadership and legal acumen are integral to supporting Chipotle's growth and maintaining its reputation.

Mr. Jim Slater
Managing Director of Europe

Jim Slater is a key executive at Chipotle Mexican Grill, Inc., serving as the company's Chief People Officer. In this role, he is responsible for overseeing all aspects of human resources, including talent acquisition, development, and engagement, as well as advancing the company's culture and employee experience. Slater's leadership focuses on building a strong and inclusive workplace culture that aligns with Chipotle's mission and values. Before joining Chipotle, Jim Slater held various leadership positions in human resources and people operations, bringing extensive experience in fostering organizational growth and development. His background includes working with major companies where he contributed to the evolution of their people strategies, enhancing employee engagement, and driving initiatives that support sustained business success. Slater's strategic vision and commitment to cultivating talent have been instrumental in shaping Chipotle's reputation as a top employer in the food industry.

Ms. Laurie Schalow
Chief Corporate Affairs & Food Safety Officer

Laurie Schalow is the Chief Corporate Affairs & Food Safety Officer at Chipotle Mexican Grill Inc. She has been with Chipotle since 2016 and has played a significant role in overseeing and enhancing the company's communication strategies and food safety protocols. Schalow is responsible for the company's public relations, crisis communications, government affairs, sustainability, and food safety. Her leadership in these areas is crucial for maintaining the brand’s reputation and ensuring compliance with safety regulations. Before joining Chipotle, Laurie Schalow had an extensive career at Yum! Brands, where she served in various key roles, including the Vice President of Public Affairs. At Yum! Brands, she was instrumental in leading corporate social responsibility initiatives and managing global corporate communications strategies. Schalow holds a Bachelor’s degree in Journalism from Ohio University and a Master of Business Administration from Case Western Reserve University. Her expertise in corporate affairs and commitment to advancing food safety standards have been vital to Chipotle's efforts to rebuild and uphold consumer trust following past food safety challenges.

Ms. Anat Davidzon
Managing Director of Canada

Anat Davidzon serves as the Chief International Officer at Chipotle Mexican Grill Inc. In this role, she is responsible for leading the company's international expansion and operations, focusing on growth strategies outside of the United States. Her leadership is pivotal in adapting Chipotle's business model to diverse markets while maintaining the brand's core values and operational standards. With extensive experience in international business and strategic development, Ms. Davidzon has been instrumental in fostering Chipotle's global presence and navigating the complexities of international markets.

Lois Alexis-Collins
Chief People Officer - Field Operations
No Bio Available

Contacts

Address
CALIFORNIA
Newport Beach
610 Newport Center Dr, Suite 1400
Contacts
+19495244000.0
www.chipotle.com
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