Chipotle Mexican Grill, Inc. · CMG · Next earnings

Chipotle Mexican Grill, Inc. reports Tuesday, Feb 2, 2027

CMG reports after market close with consensus EPS at $0.26 and revenue at $3.27B. Last quarter: Chipotle Q3 Growth Holds, While Margins and Comps Remain Key Tests

Reports After market close89 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.26 Calendar consensus
Consensus revenue $3.27B Calendar consensus
Report date Feb 2, 2027 Tuesday, date estimated
Session After market close 89 days away

Where CMG left off: FY2026 Q3

Full report

Chipotle Q3 Growth Holds, While Margins and Comps Remain Key Tests

EPS surprise -7.1% Reported $0.27 vs $0.29
Revenue surprise +0.2% Reported $3.29B vs $3.29B
Stock move +2.7% Event window
Subsequent drift 0.0% Up to 20 sessions

Management guidance sentiment was maintained; the key watchpoint is the expected Q4 comparable-sales rebound.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Consumer headwinds and a mid-year slowdown could limit comparable-sales recovery.
  • Inflation in labor and commodities, especially beef and freight, may pressure margins.
  • Marketing investment and equipment or AI initiatives may not produce the expected sales lift.

Questions analysts left open

  • Whether Q4 comparable sales can reach the targeted rebound.
  • Higher Q4 marketing spend and labor costs could pressure margins.
  • Whether throughput gains preserve hospitality quality and remodel returns.

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Recent CMG quarters

All CMG earnings
+2.7%FY2026 Q3+12.5%FY2026 Q2+3.0%FY2026 Q1-18.2%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.