Chipotle Mexican Grill (CMG) Q2 2025 earnings

Chipotle Mexican grille On Wednesday, after the traffic fell in a second quarter, this year, the same store cut the estimation of sales growth.

The Burrito chain predicts that a low single -digit percentage increase is down from the previous projection and the same store growth for 2025. Chipotle cut off the same store sales look for the second quarter in a row.

However, the company said that sales tendencies have returned. Starting from June, customers go back to Chipotle restaurants thanks to summer promotions and the launch of Adobo Ranch Dip, CEO Scott Boatwright CNBC’s “Closing Bell: overtime”.

The company’s shares fell by 9% in the extended transaction.

Based on a questionnaire by LSEG’s analysts, what Wall Street has expected for the second quarter of the company:

• Earning per share: 33 cents set in line with expectations
• Revenues: Expected for $ 3.06 billion and $ 3.11 billion

Chipotle’s net sales increased by 3% to 3.06 billion dollars thanks to its new restaurants. However, the company’s same store sales decreased by 4%, streetcount estimates of a decrease of 2.9% for the second quarter than the last quarter of 0.4% decrease. The average control increased roughly by 1%, partly balanced 4.9%traffic decreases.

Last year, Chipotle left behind the rest of the restaurant industry and tended to stagnant sales and traffic decreases. However, until the end of December, the company began to see softer sales that the managers added chalk until the timing of Christmas and Christmas Night. This was followed by bad weather in January, including fires in California, and a wider consumer withdrawal in Spring in February.

During the company’s first quarter call, Boatwright said Diners’ concerns about the economy allowed them to skip their restaurant visits and save their money.

According to Boatwright, May Chipotle was a difficult month in parallel with the decline in consumer emotions in the same period. However, until June, the same store sales began to increase again.

“As we left the quarter from the quarter, we have returned to the positive comp and process trends that continued until July,” Boatwright said to the analysts in the company’s conference call. He said.

He then reiterated his belief that the company could return to the same store sales growth in the long run in the long run and reach its average unit volumes for $ 4 million restaurants.

Boatwr, “There is no cigarette gun that says we have a wrong step here, and confidence to stay in the strategy, we can try to meet with the consumer where they are on our own unique chipotle way, but more importantly, to continue to run in the restaurant, to offer great team member experiences and great guest experiences.”

Chipotle reported a net income of $ 436.1 million a year ago at $ 455.7 million or 33 cents per share or 32 cents per share per share.

Except for low value fees, legal costs and other items, the company won 33 cents per share.

Chipotle reiterated its estimation that it will open 315 to 345 new restaurants this year.