Chipotle FY revenues rise 5.4% to £11.9bn

Chipotle has reported a 5.4% increase in total revenues to £11.9bn for the year ended 31 December 2025. 

It comes despite full-year comparable restaurant sales falling by 1.7% as transaction volumes declined by 2.9%. However, both decreases were said to be mitigated by a 1.2% increase in average spend. 

Operating margins for the year also reached 16.2%, down from 16.9% in 2024, while net income rose slightly to £1.54bn from £1.53bn.

During the year, the fast food chain opened 334 new restaurants, bringing its global estate to a total of 4,056. 

In the fourth quarter, revenues grew 4.9% to £3bn, aided by £27m in gift card revenues and the launch of 132 new company-owned sites.

In addition, food and packaging costs fell to 30.2% of revenue in the final quarter, helped by menu price increases and lower dairy expenses. This is despite higher costs for beef and chicken, alongside new trade tariffs and wage inflation, continuing to put pressure on the company’s restaurant-level margins. 

For 2026, the chain expects comparable sales to remain flat and plans to open between 350 and 370 new restaurant locations.

Scott Boatwright, chief executive of Chipotle, said: “Through our proven business model, prudent investments in operational excellence and the support of a strong balance sheet, 2025 was a year of progress and resilience for Chipotle.

“Our ‘Recipe for Growth’ strategy should position us for success over the long-term by growing transactions and driving accuracy, efficiency and speed.”