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Chipotle Mexican Grill has reported a 6.4% increase in revenue to $2.9bn for the first quarter ended 31 March 2025, compared with $2.7bn posted in the same period last year.
The growth is attributed to the opening of new restaurants, despite a slight decline in comparable restaurant sales.
During the quarter, the company opened 57 company-owned restaurants and two international licensed restaurants.
The comparable restaurant sales dipped by 0.4%, influenced by a 2.3% decrease in transactions and were partially compensated by a 1.9% rise in average bill size.
Digital sales continued to be a strong contributor, accounting for 35.4% of total food and beverage revenue.
Chipotle's net income for the first quarter stood at $386.6m, or $0.28 per diluted share, an increase from the previous year's $359.3m, or $0.262 per diluted share.
The adjusted net income for the quarter was also up, at $396.8m, or $0.29 per adjusted diluted share, compared with $369.3m, or $0.272 per adjusted diluted share in the first quarter of 2024.
Chipotle's chief executive officer Scott Boatwright said: "While our first quarter results were impacted by several headwinds, including weather and a slowdown in consumer spending, our teams continue to make significant progress improving the execution in our restaurants, innovating our back of house, and building Chipotle into a global iconic brand.
"I am confident that we have a strong plan to return to positive transaction comps by the second half of the year, and during these uncertain times, we will continue to invest in the things that make Chipotle a special brand – our people, culinary, value proposition, innovation and growth."
Looking ahead to the remainder of 2025, Chipotle's management anticipates low single-digit comparable restaurant sales growth.
The company plans to open between 315 to 345 new company-owned restaurants, with more than 80% featuring a Chipotlane.
Additionally, an underlying effective full-year tax rate of 25% to 27% before discrete items is expected.
"Chipotle reports 6.4% increase in Q1 2025 revenue" was originally created and published by Verdict Food Service, a GlobalData owned brand.
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