Chipotle Mexican Grill, Inc. (CMG) Announces Q2 Results

With a significant presence in Bill Ackman’s stock portfolio, Chipotle Mexican Grill, Inc. (NYSE:CMG) secures a spot on our list of the Bill Ackman Stock Portfolio: Top 10 Stock Picks.

Chipotle Mexican Grill, Inc. (NYSE:CMG) announced its Q2 results on July 23, 2025. Following the earnings release, Truist Securities reduced its price target on the company from $64 to $60 on July 27, maintaining a ‘Buy’ rating. The analyst attributed the price revision to same-store sales (SSS) miss, a slight dip in earnings per share, and reduced SSS guidance. However, Truist remains optimistic as it expects traffic trends to improve in June and July, coupled with efficient cost management and a strong development pipeline, including 61 new restaurants.

For Q2, Chipotle Mexican Grill, Inc. (NYSE:CMG) reported a 3% YoY increase in its revenue, taking it to $3.1 billion, thanks to new restaurant openings. Meanwhile, comparable restaurant sales fell 4.0% and transactions decreased by 4.9%. However, a modest 0.9% increase in average check size partially offset the sales decline. The company reported $436.1 million in net income, down from $455.7 million in Q2 2024. Rising steak and chicken costs, along with higher labor expenses, affected the company’s margins.

Yet, Chipotle Mexican Grill, Inc. (NYSE:CMG)’s digital sales remained steady at 35.5% of total revenue, while Chipotlane, its mobile order pick-up window concept, continues to enhance accessibility and profitability.

Chipotle Mexican Grill, Inc. (NYSE:CMG) operates fast-casual restaurants across the U.S., Canada, Europe, and the Middle East. Bill Ackman has bought 21.54 million shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) as of Q1 2025.

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Disclosure: None.