Chipotle Mexican Grill Inc

Company facts

Industry

Retail-Eating Places

Headquarters

Newport Beach, California

Most recent report

10-Q, filed Oct 29, 2026

Incorporated

N/A

Filings on record

1,000+ filings

On EDGAR

CIK 1058090

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 0 positive, 11 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Financial statements show key balance-sheet and cash-flow details beyond headline results.
  Notable

  • Effective tax rate rose to 25.6% in Q3 2026 from 23.1%, due to fewer tax credits and higher nondeductible expenses.
  • Shareholder class action dismissed with prejudice; plaintiffs appealed to Ninth Circuit.
  • Accrued legal liability more than doubled to $26.4M at Sep 2026 from $11.4M at Dec 2025.
  • No debt drawn on $500M revolver; compliance with all covenants as of Sep 2026.
  • Related-party purchases from Tractor rose 15% to $44.9M for nine months; Chipotle owns 11.9% of Tractor.

• Management's Discussion (Item 2)

  Full MD&A with detailed cost drivers, EPS decline, and cash flow breakdown.
  Notable

  • Comparable restaurant sales rose 2.1% in Q3 2026, with transactions up only 0.8%.
  • Digital sales rose to 38.8% of food and beverage revenue in Q3 2026 from 36.7% a year ago.
  • Cash from operations was $1.9B for nine months ended September 2026, up from $1.7B.
  • Capital expenditures rose $171.7M in nine months, with elevated equipment costs expected through 2027.
  • Share repurchases decreased by $218.8M in the nine months, with $1.6B remaining under authorization.
  Negative

  • Diluted EPS fell 6.9% to $0.27 in Q3 2026 from $0.29, despite revenue growth.
  • Labor costs rose to 25.7% of revenue in Q3 2026 from 25.2%, driven by wage inflation and bonuses.
  • Other operating costs rose to 16.0% of revenue in Q3 2026 from 15.0%, led by marketing and delivery.

• Other Information (Item 5)

  CEO terminated a 10b5-1 plan for up to 100,000 shares; insider trading signal.
  Notable

  • CEO terminated a 10b5-1 plan for up to 100,000 shares on July 28, 2026; plan was adopted Feb 6, 2026.

What changed: Sep 2026 vs. Jun 2026

About 4% of CMG's Sep 2026 10-Q is new information. 6 paragraphs were added, 88 changed, and 19 removed. Below are the most important lines SECSift identified.

• Item 2 31
• Item 1 21
• Item 3 2
• Item 4 2
• Item 1A 1
• Item 5 1