Verified call record已核验电话会记录 · 2026-07-29

CMG · Chipotle Mexican Grill Q2 FY2026 earnings call record财报电话会记录

Verbatim, receipt-bound excerpts from the earnings-call transcript. This is a source record, not a synthesized analysis or recommendation.来自财报电话会文字记录的原文、可追溯摘录。这是来源记录，不是综合分析或推荐。

Open ticker dossier打开个股档案CMG

12 exact excerpts 条原文摘录 19 numeric receipts 个数值回执 B governed source tier 治理来源层级 Transcript present电话会文本已具备

The record记录内容

Call language, kept intact.电话会表述，保持原貌。

The excerpts below are selected from the source record under the bounded evidence policy. Wording is not paraphrased; numbers remain the exact spans captured from the call.以下摘录按受限证据策略从来源记录中选出。文字未被改写；数字保持电话会中捕获的精确片段。

performance

“For the second quarter, we delivered revenue growth of 9.3% to $3.3 billion, including positive comparable sales and transactions.”

Scott Boatwright · CEOclaim_ed901eb9811c7fc034b9cdbcd152119d

Exact numeric spans精确数值片段9.3%3.3 billion

segment_changes

“Throughput gains are perhaps the most notable, where we see HEAP restaurants outperforming the enterprise by 2 to 3 entrees in their peak 15-minute period.”

Scott Boatwright · CEOclaim_8933da2be1cfcadc1440fee7974a3551

Exact numeric spans精确数值片段2315

performance

“Within the quarter, sales grew 9.3% to $3.3 billion, driven by a comparable restaurant sales increase of 2.2%, including a transaction comp of 1%.”

Adam Rymer · CFOclaim_a82e5dc4390ec7db1a95165bc744aaab

Exact numeric spans精确数值片段9.3%3.3 billion2.2%1

guidanceperformancerisksmanagement_commitmentssegment_changes

“However, as we navigate both industry and consumer challenges, we are confident that we will continue to build upon this momentum for the rest of the year, and we now expect full-year comp sales growth in the low single-digit range.”

Adam Rymer · CFOclaim_35ab23cc55297836d5f48fb5e413bfd9

guidanceperformancemargins

“For Q3, we anticipate cost of sales to be just under 30%, as sequentially higher avocado pricing will be offset with menu pricing.”

Adam Rymer · CFOclaim_4970fa7beec32d6461e68efaabadcda2

Exact numeric spans精确数值片段30%

capital_allocation

“We ended the quarter with $800 million in cash, restricted cash, and investments, a decrease of $1.3 billion compared to a year ago, as we continue to utilize our balance sheet to opportunistically repurchase stock, including $631 million in the second quarter at an average price of $32.55.”

Adam Rymer · CFOclaim_0413368d5906abd806f06934625ab18a

Exact numeric spans精确数值片段800 million1.3 billion631 million

capital_allocationmanagement_commitments

“With access to our $500 million revolver and no debt, we will continue to opportunistically repurchase stock.”

Adam Rymer · CFOclaim_2d2e7a9af9af481d19828a6496a481be

Exact numeric spans精确数值片段500 million

guidancerisksq_and_a

“At this point, we anticipate our comps will be somewhere around a plus 1% in Q3, which does assume a continuation of that roughly 200 basis point impact, because it's really tough at this point to predict how long it'll persist.”

Adam Rymer · CFOclaim_d04144711eb9c6a02837dd866ab47bf9

Exact numeric spans精确数值片段1%200

segment_changesq_and_a

“I want you to think between $100,000-$300,000 per restaurant, to see what the return, what the consumer perceptions are, and then what the overall return will be.”

Scott Boatwright · CEOclaim_262935f7356b54e1340689a656e0f217

Exact numeric spans精确数值片段100,000300,000

performanceq_and_a

“I think digital sales grew 18%, including the unit growth in the quarter year-over-year.”

Greg Francfortclaim_8921b82f8bba877b8599da034ff89a75

Exact numeric spans精确数值片段18%

demandq_and_a

112

“Even when these LTOs tend to leave, we measure then the stickiness of those customers that we've either attracted in or again, those more frequent guests coming in more often.”

Adam Rymer · CFOclaim_ec5afc7e19f3e571406d055ab3381cb5

demandq_and_a

115

“Here's what I would tell you is, it brings in new customers who want to try the brand for the first time.”

Scott Boatwright · CEOclaim_e533cf2ed23ba6fe716d282628e832c5

Inspect the source receipts检查来源回执31 bound spans个已绑定片段

Each row identifies the source body, transcript segment and byte span used to verify the visible text.每行标识用于核验可见文本的来源正文、电话会片段和字节范围。

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