Chipotle Mexican Grill reported a net income of $330.9m in Q4 2025, ending on 31 December 2025, down slightly from $331.8m a year earlier.
Adjusted net income also declined to $331.3m, or $0.25 per adjusted diluted share, from $340m, or $0.25 per share, in Q4 2024.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This comes as Chipotle’s comparable restaurant sales fell 2.5% in the quarter due to a 3.2% drop in transactions.
However, the restaurant chain’s fourth-quarter revenue grew 4.9% year-on-year to $3bn. The increase was driven mainly by new restaurant openings and $27m of gift card breakage revenue, up $19.1m from the prior-year period.
Profitability weakened in the quarter, with operating margin narrowing to 14.1% from 14.6% a year earlier. Restaurant-level operating margin also fell to 23.4% from 24.8%.
Its diluted earnings per share in the quarter rose to $0.25 from $0.24, a 4.2% increase year-on-year, while adjusted diluted EPS held flat at $0.25.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataDuring Q4 2025, the company opened 132 company-owned restaurants, including 97 with a Chipotlane drive-through, and seven international partner-operated locations.
For the full year 2025, Chipotle Mexican Grill’s net income was $1.54bn, slightly higher than $1.53bn in 2024.
Total revenue for 2025 reached $11.9bn, up 5.4% year on year. Growth was primarily driven by new restaurant openings rather than improvements at existing locations.
Comparable restaurant sales also declined 1.7% in 2025. Transactions fell 2.9%, partially offset by a 1.2% increase in average check, pointing to fewer customer visits but higher spending per visit.
Digital sales continued to be a significant contributor, accounting for 36.7% of total food and beverage revenue during the year.
Over the year, the company opened 334 company-owned restaurants, including 257 outlets with a Chipotlane.
Chipotle CEO Scott Boatwright said: “Through our proven business model, prudent investments in operational excellence and the support of a strong balance sheet, 2025 was a year of progress and resilience for Chipotle.”
For 2026, management expects full-year comparable restaurant sales to be roughly flat, following the 2025 decline.
The company projects 350 to 370 new restaurant openings, including ten to 15 international partner-operated locations, with 80% of new company-owned units incorporating a Chipotlane.
