Chipotle Mexican Grill, Inc.'s Stock Analysis

Chipotle Board Approves Additional $500 Million for Share Buybacks

On September 15, 2025, Chipotle Mexican Grill announced that its Board of Directors authorized an additional $500 million for share repurchases, effective September 3, 2025. This early announcement allows the company to repurchase shares before the filing of its third quarter report. With this new authorization, approximately $750 million remains available for share repurchases.

Chipotle has maintained a share repurchase program since 2008, which does not have an expiration date. The company retains the right to modify, suspend, or discontinue the repurchase authorization at any time.

Sep 15, 2025 16:16:23

Chipotle Appoints New Principal Accounting Officer Matthew Bush

Matthew Bush has been appointed as the principal accounting officer of Chipotle Mexican Grill, effective September 4, 2025. He has been with the company for 10 years, holding various positions including Vice President and Controller, and has experience in financial reporting, internal audit, and treasury. His appointment does not involve any arrangements with other individuals, and there are no reported conflicts of interest.

In his new role, Mr. Bush will receive an annual salary of $340,000 and is eligible for a cash bonus of 35% of his salary. Additionally, he will be granted restricted stock units valued at $400,000, which will vest over three years, contingent on continued service. The stock units will be granted on October 31, 2025, aligning with the company's policy for equity grants.

Sep 05, 2025 16:32:51

Chipotle's Chief Accounting Officer Resigns, Effective Immediately

Jamie McConnell has resigned from her position as Chief Accounting and Administrative Officer at Chipotle Mexican Grill, effective August 25, 2025. Her departure is to pursue a new professional opportunity and is not related to any disputes or disagreements concerning the company's accounting practices or financial reporting.

The company confirmed that McConnell's resignation does not stem from any issues with its operations or policies. This transition in leadership may impact the company's financial oversight and administrative operations, which could be relevant for investors monitoring Chipotle's management stability.

Aug 26, 2025 16:47:49

Chipotle Reports Q2 2025 Financial Results and Stock Buyback

Chipotle Mexican Grill reported total revenue of $3.1 billion for the second quarter of 2025, marking a 3.0% increase compared to the same period last year. However, comparable restaurant sales decreased by 4.0%, primarily due to a 4.9% drop in transactions, despite a 0.9% rise in average check. The operating margin fell to 18.2% from 19.7%, and diluted earnings per share decreased to $0.32, down from $0.33 in the prior year. The company's digital sales accounted for 35.5% of total food and beverage revenue, and 61 new company-owned restaurants were opened during the quarter, including 47 with Chipotlanes, which continue to perform well.

Additionally, the Board of Directors authorized a stock repurchase program totaling $400 million, supplementing existing repurchase authorizations. As of June 30, 2025, Chipotle had $838.8 million remaining under these authorizations. General and administrative expenses decreased to $172.2 million, primarily due to lower performance bonuses. Net income for the quarter was $436.1 million, compared to $455.7 million in the same quarter of the previous year.

Jul 23, 2025 16:11:11

Chipotle Appoints Jason Kidd as COO, Jack Hartung to Retire

Chipotle Mexican Grill has appointed Jason Kidd as its new Chief Operating Officer, effective May 19. Kidd brings over 25 years of experience in operations and retail, previously serving as the global COO at Taco Bell and holding leadership roles at other companies. He will oversee the operations of Chipotle's nearly 3,800 restaurants and report directly to CEO Scott Boatwright. Kidd's hiring is part of a leadership transition as Jack Hartung, the current President and Chief Strategy Officer, plans to retire on June 1 but will remain with the company as a senior advisor until early March 2026.

Hartung has been with Chipotle for nearly 25 years and has played a significant role in the company's growth, including the opening of over 3,700 restaurants across multiple countries. His decision to transition to a senior advisory role is part of Chipotle's succession planning. Additionally, other leadership changes include Curt Garner expanding his responsibilities to oversee supply chain operations and Chris Brandt leading menu and ingredient processes. These changes come as Chipotle continues to execute its strategic plan and aims to enhance guest experiences.

May 06, 2025 19:06:34

Chipotle Reports Q1 2025 Earnings with Mixed Results

Chipotle Mexican Grill, Inc. announced its financial results for the first quarter of 2025, reporting total revenue of $2.9 billion, a 6.4% increase from the previous year. However, comparable restaurant sales decreased by 0.4%, attributed to a decline in transactions. The company's operating margin improved to 16.7%, while the restaurant-level operating margin decreased to 26.2%. Digital sales accounted for 35.4% of total food and beverage revenue, and the company opened 57 new restaurants, including 48 with Chipotlanes.

Net income for the quarter was $386.6 million, or $0.28 per diluted share, reflecting a 7.7% increase compared to $359.3 million, or $0.262 per diluted share, in the same quarter of 2024. The company also repurchased $553.7 million of its stock during the quarter, with $874.7 million remaining under share repurchase authorizations. General and administrative expenses decreased to $172.8 million from $204.6 million in the prior year, while labor costs rose to 25.0% of total revenue due to inflation and lower sales volumes.

Apr 23, 2025 16:11:02

Chipotle Reports $1.53 Billion Net Income for 2024

Chipotle Mexican Grill reported a 14.6% increase in total revenue for 2024, reaching $11.3 billion, driven by the opening of 304 new company-owned restaurants and a 7.4% rise in comparable restaurant sales. The company also saw significant growth in earnings per share, with diluted earnings per share rising to $1.11, a 24.7% increase from the previous year. Additionally, the operating margin improved to 16.9%, up from 15.8% in 2023, indicating a positive trend in financial performance and operational efficiency.

However, the company faced challenges with rising food and labor costs, which increased as a percentage of total revenue, with food, beverage, and packaging costs rising to 29.8% from 29.5% in 2023. Labor costs remained steady at 24.7%, but wage inflation and minimum wage increases in California were noted as contributing factors. General and administrative expenses also grew to $697.5 million in 2024, up from $633.6 million in 2023, primarily due to higher employee wages and expenses related to company events.

Feb 04, 2025 16:11:58

Chipotle Appoints Scott Boatwright as CEO After External Search

Chipotle Mexican Grill has named Scott Boatwright as its new chief executive officer and board member, effective immediately. Boatwright, who was previously the interim CEO and chief operating officer, has been credited with enhancing the guest experience, integrating new technology, and achieving high employee retention rates. His leadership is viewed positively by the Board of Directors, which conducted a thorough external search confirming his suitability for the role. Boatwright has a strong background in the restaurant industry, having spent 18 years at Arby’s in various leadership positions.

Despite the positive leadership transition, the press release does not provide specific financial metrics or performance indicators related to Chipotle's current market position or future outlook. While the company highlights its commitment to sustainable practices and quality food, there is no mention of any recent challenges or issues that may affect its operations. Overall, the focus remains on the leadership change and the potential for future growth under Boatwright's guidance.

Nov 12, 2024 11:25:42

Chipotle Reports Strong Q3 2024 Earnings Results

Chipotle Mexican Grill reported a solid performance for the third quarter of 2024, with total revenue increasing by 13% to $2.8 billion. Comparable restaurant sales rose by 6%, driven by a 3.3% growth in transactions and a 2.7% rise in average check size. The company opened 86 new locations, enhancing its market presence, particularly with the inclusion of Chipotlanes, which have proven to be popular among customers. Additionally, diluted earnings per share grew by 21.7% compared to the previous year, showcasing strong profitability amid operational growth.

However, the company faced challenges with rising food and packaging costs, which increased to 30.6% of total revenue, up from 29.7% a year earlier. This surge was attributed to inflation affecting key ingredients like avocados and dairy, as well as a shift in the protein mix due to the success of the Smoked Brisket promotion. Despite these cost pressures, Chipotle managed to maintain its operating margin and continue its expansion plans, indicating a balanced approach to growth and cost management.

Oct 29, 2024 16:11:10

Chipotle Announces New CFO and Leadership Changes

Chipotle Mexican Grill has accelerated the appointment of Adam Rymer as Chief Financial Officer and Jamie McConnell as Chief Accounting and Administrative Officer, both starting October 1, 2024. Rymer, a 15-year veteran of Chipotle, has previously overseen various financial functions, while McConnell has been with the company since 2018. The transition aims to strengthen the leadership team during a time of growth and strategic focus, with former CFO Jack Hartung taking on the role of President and Chief Strategy Officer indefinitely.

To ensure stability, Chipotle's Board of Directors has implemented retention plans for the executive leadership team. The company boasts a strong leadership with an average tenure of around seven years, highlighting its commitment to continuity. Chipotle continues to be recognized for its responsible sourcing and innovative practices in the food industry, operating over 3,500 restaurants across multiple countries and maintaining a focus on providing a great guest experience.

Aug 28, 2024 16:11:57