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Chipotle’s Comparable Restaurant Sales Fall in First Quarter

publication date: Apr 24, 2025
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During the first quarter, Chipotle opened 57 company-owned restaurants with 48 of them including a Chipotlane. Management noted that “Chipotlanes continue to perform well and are helping enhance guest access and convenience, as well as increase new restaurant sales, margins, and returns,” but comparable restaurant sales still faced headwinds due to lower transactions, offset in part by an increase in the average check. For 2025, management anticipates full year comparable restaurant sales growth in the low single digit range and for the firm to add 315-345 new company-owned restaurants with over 80% having a Chipotlane. Though Chipotle’s first quarter results weren’t great, we continue to like its long-term story.


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