NEWS
4/29/2026AI summary
Chipotle Reports Surprise Same-Store Sales Growth in Q1
Chipotle Mexican Grill reported first-quarter same-store sales growth of 0.5%, beating Wall Street expectations of a 0.7% decline. Revenue rose 7.4% to $3.09 billion, slightly above the $3.07 billion expected. Net income fell to $302.8 million from $386.6 million a year earlier, impacted by higher tax rates, wage inflation and rising beef prices. CEO Scott Boatwright said results exceeded company expectations. The company reiterated its full-year outlook of flat same-store sales.
C
CNBC
