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Chipotle (CMG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Chipotle Mexican Grill (CMG - Free Report) reported $3 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 7.5%. EPS of $0.29 for the same period compares to $0.27 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.02 billion, representing a surprise of -0.48%. The company delivered an EPS surprise of +3.57%, with the consensus EPS estimate being $0.28.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Chipotle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Comparable restaurant sales increase: 0.3% compared to the 0.5% average estimate based on nine analysts.
  • Company-operated restaurants at end of period: 3,916 compared to the 3,929 average estimate based on nine analysts.
  • Company-operated restaurants opened: 84 compared to the 92 average estimate based on five analysts.
  • Company-operated restaurants at beginning of period: 3,839 versus the three-analyst average estimate of 3,839.
  • Average restaurant sales - TTM: $3.13 million compared to the $3.13 million average estimate based on two analysts.
  • Revenue- Food and beverage: $2.99 billion versus $3 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
  • Revenue- Delivery service: $14.19 million compared to the $15.5 million average estimate based on four analysts. The reported number represents a change of -8.7% year over year.

View all Key Company Metrics for Chipotle here>>>

Shares of Chipotle have returned +2.7% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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