•
Mar 31
Chipotle Q1 2025 Earnings Report
Chipotle reported steady revenue growth in Q1 2025 despite a slight decline in comparable restaurant sales.
Key Takeaways
Chipotle saw a 6.4% increase in total revenue driven by new restaurant openings, though comparable sales dipped slightly. Net income rose year-over-year, and digital sales remained a strong contributor.
Revenue grew to $2.9 billion, up from $2.7 billion last year.
EPS reached $0.28, with adjusted EPS at $0.29.
57 new restaurants opened, 48 with Chipotlanes.
Digital sales accounted for 35.4% of food and beverage revenue.
Chipotle
Chipotle
Chipotle Revenue by Geographic Location
Forward Guidance
Chipotle expects modest comparable sales growth and plans to continue expansion with most new locations featuring Chipotlanes.
Positive Outlook
- 315 to 345 new restaurants expected in 2025
- Over 80% of new locations to include Chipotlanes
- Ongoing investment in digital and operational innovation
- Menu price increases and supply chain benefits support margins
- Strong balance sheet with $874.7M in remaining repurchase authorization
Challenges Ahead
- Low single-digit growth in comparable sales expected
- Continued headwinds from consumer spending slowdown
- Higher food and labor costs, especially in California
- Slight decline in restaurant operating margin
- Forecasted effective tax rate between 25% and 27%