Chipotle Mexican Grill, Inc. (NYSE: CMG), a number one fast-casual restaurant chain, has reported a lower in adjusted earnings for the second quarter of fiscal 2025, regardless of a modest development in gross sales.
Whole income elevated 3% to $3.1 billion within the second quarter from $2.97 billion within the prior-year quarter. In the meantime, comparable restaurant gross sales decreased 4% year-over-year.
Adjusted earnings, on a per-share foundation, declined to $0.33 per share within the June quarter from $0.34 per share in Q2 2024. Unadjusted web earnings was $436.1 million or $0.32 per share within the second quarter, vs. $455.7 million or $0.33 per share a yr earlier.
Scott Boatwright, Chief Govt Officer, Chipotle, stated, “I’m optimistic that our constructive momentum will proceed as we additional help our world-class folks with new instruments to enhance execution, introduce new menu improvements, amplify our rewards program, and introduce this nice model to extra communities across the globe.”
For fiscal 2025, the administration expects comparable restaurant gross sales to be flat. It plans to open 315-345 new company-owned eating places through the yr, with over 80% having a Chipotlane.
