Short answer
Chipotle Mexican Grill (CMG) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.0B (up 7.5% year over year) with net income of $382M.
Q3 2025 key financials · XBRL
- Revenue
- $3.0B
- +7.5% YoY · −2.0% QoQ
- Net income
- $382M
- −1.4% YoY · −12.4% QoQ
- Operating margin
- 15.9%
- EPS (diluted)
- $0.28
- +0.0% YoY · −15.2% QoQ
Source: XBRL data from the Chipotle Mexican Grill (CMG) Q3 2025 10-Q on SEC EDGAR. USD.
Chipotle Mexican Grill Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3.00B Q3 2025, up 7.5% YoY from $2.79B Q3 2024
- Operating costs: Food/beverage cost 30.0% vs 30.6% YoY; Labor cost 25.2% vs 24.9% YoY; Other operating costs 15.0% vs 13.8% YoY
- Best segment: New restaurants, 84 opened Q3 2025 (64 with Chipotlane); Worst: Delivery service revenue down 8.7% YoY
- Cash/investments $1.7B as of Sept 30, 2025; Operating cash flow $1.7B for nine months ended Sept 30, 2025, stock repurchases increased by $1.0B YoY
- Outlook: Anticipates low-single digit comparable restaurant sales decline in 2025; plans 315-345 restaurant openings in 2025, 350-370 in 2026 including international expansions
Risk Factors
- No new or changed risk factors disclosed this quarter from 2024 10-K
- Carryforward risk: cost increases in ingredients and equipment due to tariffs, trade sanctions, or taxes
- Carryforward risk: consumer sentiment and discretionary spending fluctuations affecting demand
- Carryforward risk: competitor discounting impacting market share and pricing power
- Carryforward risk: macroeconomic and geopolitical conditions influencing operational stability
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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