Chipotle Mexican Grill, Inc. (CMG) This fall 2025 Earnings Name Transcript

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Chipotle Mexican Grill, Inc. (CMG) Q4 2025 Earnings Call February 3, 2026 4:30 PM EST

Company Participants

Cynthia Olsen – Head of Investor Relations & Strategy
Scott Boatwright – CEO & Director
Adam Rymer – Chief Financial Officer

Conference Call Participants

Brian Mullan – Piper Sandler & Co., Research Division
Sara Senatore – BofA Securities, Research Division
Lauren Silberman – Deutsche Bank AG, Research Division
David Tarantino – Robert W. Baird & Co. Incorporated, Research Division
David Palmer – Evercore ISI Institutional Equities, Research Division
John Ivankoe – JPMorgan Chase & Co, Research Division
Danilo Gargiulo – Bernstein Institutional Services LLC, Research Division
Dennis Geiger – UBS Investment Bank, Research Division
Christopher O’Cull – Stifel, Nicolaus & Company, Incorporated, Research Division
Andrew Charles – TD Cowen, Research Division
Sharon Zackfia – William Blair & Company L.L.C., Research Division
Hyun Jin Cho – Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Good day, and welcome to the Chipotle Mexican Grill Fourth Quarter and Full Year 2025 Results Conference Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Cindy Olsen, Head of Investor Relations. Please go ahead.

Cynthia Olsen
Head of Investor Relations & Strategy

Hello, everyone, and welcome to our fourth quarter and full fiscal year 2025 earnings call. By now, you should have access to our earnings press release. If not, it may be found on our Investor Relations website at ir.chipotle.com. Additionally, supplemental investor information is available on our site as a reference for today’s call. I will begin by reminding you that certain statements and projections made in this presentation about our future business and financial results constitute forward-looking statements. These statements are based on management’s current business and market expectations, and our actual results could differ materially from those projected in the forward-looking statements.

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