Chipotle surges 8% in premarket on Q3 revenue beat

Chipotle Mexican Grill (CMG.US) surged more than 8% in premarket trading to $31.16.

The company reported fiscal third-quarter revenue of $3.293 billion, up 9.6% from a year earlier and slightly above the analyst consensus of $3.285 billion. Same-store sales rose 2.1%, marking the third consecutive quarter of positive growth. Earnings per share of $0.27 fell short of the $0.29 estimate, and restaurant-level margin narrowed to 23.3%, though the revenue beat and traffic recovery supported the gains.

Chipotle reaffirmed its full-year guidance for low-single-digit same-store sales growth and plans to open 340 to 360 new restaurants in the U.S. and Canada in 2027. The company opened 84 locations in the third quarter, including 53 with Chipotlane drive-thru lanes, while expanding into Mexico, Saudi Arabia and South Korea.

Based on public media reports. AI-generated; not investment advice.