Q2 revenue increases 9.3% to $3.3 billion. Expects single digit growth for annual same store sales July 29, 2026 Chipotle Mexican Grill reported second-quarter net revenue of $3.3 billion, up 9.3% from a year ago. Growth was driven by same store sales increasing 2.2% in Q2, prompting the company to raise its full year guidance for same store sales to single digit growth instead of flat. "Our positive results reflect the momentum we're building as our Recipe for Growth strategy continues to take shape," Chief Executive Scott Boatwright said in a statement. "We're seeing encouraging progress because we're focused on the right growth drivers - bringing meaningful menu innovation to our guests, deepening engagement through Chipotle Rewards, elevating hospitality in every restaurant, and expanding opportunities to serve more group occasions." The Newport Beach chain opened 100 new restaurants during the quarter and plans to open between 350 and 370 new restaurants in total by the end of the year. Company executives said in the earnings call that the Cyclospora outbreak slowed down traffic in the second half of July and impacted sales but did not have an effect on any Chipotle products. On the day of the report, shares went up 5.9% to $36.24 apiece during after-hours trading (NYSE: CMG). Want more from the best local business newspaper in the country? Sign-up for its FREE Daily eNews update to get the latest Orange County news delivered right to your inbox! One-Year for Only $99 * Weekly in-depth coverage in print and digital formats * Special Features: OC's Wealthiest, Top Priced Home Sales, Giving Guide, OC500, Charity Event Guide, Best Places to Work, Indispensables, Largest Charitable Gifts * The annual Book of Lists: Orange County's top companies across every industry

American food brands expanding in Canada despite trade war. Despite the trade war between Canada and the United States American food brands are expanding their presence in the country. Edward Djan has more. By Edward Djan Posted Jul 28, 2026 7:40 pm. Last Updated Jul 28, 2026 8:57 pm. Despite the trade war between Canada and the United States, American food brands are expanding their presence here in the country. A line-up to enter Calgary's newest and now seventh Chipotle location at Westhills Towne Centre. "I go to Florida for boarding school, and Chipotle is a big thing there, so I really have been craving it, because I've been in Europe all summer," said one Calgarian. Another said, "Last time I was in Chipotle it was like 10 years ago when I worked in America, and I loved it." Chipotle says despite the trade uncertainty, they plan on growing in Alberta, with the province its fastest-growing market in the country. Tuesday's restaurant opening represents their 15th location in Alberta, with the company saying not only has the trade dispute had no bearing on their operations, but they are on track to reach 20 locations in the province by the end of the year. "A few years ago we had no restaurants in Alberta, and now we are at 15. We believe that Alberta, particularly the Calgary and Edmonton area, is a very attractive market because of the strong population growth," said Anat Davidzon, the managing director of Chipotle International. An example of American food brands moving to and growing in Canada is right here a stretch of Macleod Trail. Chick-fil-A opened its first restaurant in Calgary in 2024, and right beside it is Shake Shack, which is working right now to open its first drive-thru location in Calgary. Then further down the road is Krispy Kreme, which returned to the city in 2025. Restaurant consultant David Hopkins says while the trade dispute has come up in some conversations with clients, he says companies are thinking long-term and believe the rift is simply a blip. "If you've already expanded across the US and you're looking, where do I go? Next way easier to come into the Canadian market where it's a very similar marketplace, similar buying habits, similar demographic, similar in many ways," said Hopkins. With even more American brands migrating north of the border, like the return of Dunkin Donuts, Albertans say they'll greet those brands with open arms, or at least in this case open mouths. Keep it Factual Add CityNews Calgary as a trusted source on Google to see more local stories from us.

Chipotle hikes same-store sales forecast, says cyclospora fears hit sales in late July. Advertisements A customer prepares to eat at the first Chipotle fast-food restaurant in northeastern Mexico on its opening day in San Pedro Garza Garcia, Mexico, July 16, 2026. Daniel Becerril | Reuters Chipotle Mexican Grill on Wednesday raised its same-store sales growth forecast for the year after topping analysts' quarterly earnings and revenue expectations. The restaurant company is now projecting that its same-store sales will increase by a low single digit percentage in 2026, higher than its previous outlook of flat same-store sales for the full year. After a shaky 2025, Chipotle is successfully luring customers back - even with spiking gas prices and other higher costs pressuring dining budgets. "We're seeing encouraging progress because we're focused on the right growth drivers - bringing meaningful menu innovation to our guests, deepening engagement through Chipotle Rewards, elevating hospitality in every restaurant, and expanding opportunities to serve more group occasions," CEO Scott Boatwright said in a statement. The report came amid heightened scrutiny of food safety at chains serving fresh lettuce due to the U.S. cyclospora outbreak. Company executives on a call with analysts said that Chipotle "maintains a very robust food safety program." The company said its lettuce is sourced from California and is not impacted by the outbreak. Still, Chipotle said the cyclospora outbreak had about a 2 percentage point impact on sales in the second half of July, which it incorporated into its guidance. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: * Earnings per share: 33 cents adjusted vs. 32 cents expected * Revenue: $3.35 billion vs. $3.33 billion expected The company's stock climbed about 6% in extended trading. Chipotle reported second-quarter net income of $403.5 million, or 32 cents per share, down from $436.1 million, or 32 cents per share, a year earlier. Excluding impairment and restructuring costs and other items, the company earned 33 cents per share. Revenue climbed 9.3% to $3.35 billion. Same-store sales rose 2.2%, lifted by a 1% increase in traffic to restaurants. Total check size inched up 1.2% compared with the year-ago period. On a call with analysts, Boatwright said the company's performance was driven by strength in its seasonal Chipotle Honey Chicken and recently introduced cilantro lime sauce, as well as its rewards program. Boatwright also said Chipotle's menu innovation had an "outsized impact" on it winning over both younger consumers and lower-income diners. "We believe Chipotle continues to offer one of the strongest value propositions in the industry," Boatwright said on the call. During the quarter, Chipotle opened 100 new locations and one international restaurant operated by a partner. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.