Chipotle Mexican Grill, Inc. reported its second-quarter financial results for 2025, highlighting a 3.0% increase in total revenue to $3.1 billion compared to the same period in 2024. This revenue growth was primarily driven by new restaurant openings, despite a 4.0% decrease in comparable restaurant sales. The decline in comparable sales was attributed to a 4.9% drop in transactions, partially offset by a 0.9% rise in average check size. The company's operating margin decreased to 18.2% from 19.7% year-over-year, while the restaurant level operating margin fell to 27.4% from 28.9%. Diluted earnings per share $(EPS)$ decreased by 3.0% to $0.32, while the adjusted diluted EPS saw a 2.9% decrease to $0.33. During the second quarter, Chipotle opened 61 company-owned restaurants, with 47 featuring a Chipotlane, which has been instrumental in improving guest access and convenience, as well as boosting new restaurant sales and margins. Digital sales accounted for 35.5% of total food and beverage revenue. The company noted a decrease in food, beverage, and packaging costs to 28.9% of total revenue, down from 29.4% in the previous year, due to menu price increases and cost efficiencies. However, labor costs increased to 24.7% of total revenue, up from 24.1%, primarily due to lower sales volumes. Chipotle remains optimistic about continuing its positive momentum, bolstered by summer marketing initiatives, new menu innovations, and an enhanced rewards program.
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